{"id":180769,"date":"2023-08-30T05:39:31","date_gmt":"2023-08-30T05:39:31","guid":{"rendered":"https:\/\/precoinnews.com\/?p=180769"},"modified":"2023-08-30T05:39:31","modified_gmt":"2023-08-30T05:39:31","slug":"dogecoin-price-doge-holds-strong-why-bulls-could-aim-rally-to-0-078","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/dogecoin-price-doge-holds-strong-why-bulls-could-aim-rally-to-0-078\/","title":{"rendered":"Dogecoin Price (DOGE) Holds Strong \u2013 Why Bulls Could Aim Rally To $0.078"},"content":{"rendered":"<p><em>Dogecoin is showing positive signs above the $0.0642 level against the US Dollar. DOGE could continue to rise if it stays above the $0.0606 support.<\/em><\/p>\n<ul>\n<li>DOGE started a decent increase above the $0.0642 resistance against the US dollar.<\/li>\n<li>The price is trading above the $0.065 level and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could correct lower, but dips might be attractive near the $0.062 zone.<\/li>\n<\/ul>\n<h2>Dogecoin Price Starts Recovery<\/h2>\n<p>After a major decline, Dogecoin price found support near the $0.055 zone. DOGE traded as low as $0.0557 and started a fresh increase. There was a decent move above $0.0600 and the price settled above $0.0606.<\/p>\n<p>Recently, there was a strong increase in Dogecoin like Bitcoin and Ethereum, and it was able to clear the $0.0620 resistance. The price climbed above the 50% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.<\/p>\n<p>Besides, there was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE\/USD pair. It is now trading above the $0.065 level and the 100 simple moving average (4 hours).<\/p>\n<p>On the upside, the price is facing resistance near the $0.0665 level. The first major resistance is near the $0.0690 level or the 61.8% Fib retracement level of the main decline from the $0.0772 swing high to the $0.0557 low.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE-1.png?resize=1024%2C468\"><\/p>\n<p>&nbsp;<\/p>\n<p>Source: DOGEUSD on TradingView.com<\/p>\n<p>A close above the $0.0690 resistance might send the price toward the $0.0725 resistance. The next major resistance is near $0.0780. Any more gains might send the price toward the $0.080 level.<\/p>\n<h2>Are Dips Supported in DOGE?<\/h2>\n<p>If DOGE fails to gain pace above the $0.0690 level, it could start a downside correction. Initial support on the downside is near the $0.0642 level.<\/p>\n<p>The next major support is near the $0.0606 level. If there is a downside break below the $0.0606 support, the price could decline further. In the stated case, the price might decline toward the $0.055 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0642, $0.0625, and $0.0606.<\/p>\n<p>Major Resistance Levels \u2013 $0.0665, $0.0690, and $0.075.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/doge\/dogecoin-price-doge-strong-0-078\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is showing positive signs above the<\/p>\n","protected":false},"author":3,"featured_media":180768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin Price (DOGE) Holds Strong \u2013 Why Bulls Could Aim Rally To $0.078 - 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