{"id":181568,"date":"2023-09-20T05:39:56","date_gmt":"2023-09-20T05:39:56","guid":{"rendered":"https:\/\/precoinnews.com\/?p=181568"},"modified":"2023-09-20T05:39:56","modified_gmt":"2023-09-20T05:39:56","slug":"dogecoin-price-doge-prediction-bulls-face-uphill-task-near-0-064","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/dogecoin-price-doge-prediction-bulls-face-uphill-task-near-0-064\/","title":{"rendered":"Dogecoin Price (DOGE) Prediction \u2013 Bulls Face Uphill Task Near $0.064"},"content":{"rendered":"<p><em>Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone.<\/em><\/p>\n<ul>\n<li>DOGE started a decent increase above the $0.0615 resistance against the US dollar.<\/li>\n<li>The price is trading above the $0.062 level and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could struggle to clear the $0.0638 and $0.0640 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Starts Recovery<\/h2>\n<p>After a major decline, Dogecoin price found support near the $0.0595 zone. DOGE traded as low as $0.0591 and recently started a recovery wave. There was a decent move above $0.0600 and the price settled above $0.0612.<\/p>\n<p>Recently, Bitcoin saw a steady increase above $27,000 and helped altcoins in recovery. Dogecoin is also showing a few positive signs and was able to clear the $0.062 resistance. There was a move above the 23.6% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.<\/p>\n<p>DOGE is now trading above the $0.062 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.0638 level. It is close to the 50% Fib retracement level of the downward move from the $0.0685 swing high to the $0.0591 low.<\/p>\n<p>The first major resistance is near the $0.0640 level. Besides, there is a key rising channel forming with resistance near $0.0640 on the 4-hour chart of the DOGE\/USD pair.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/09\/Doegcoin-DOGE.png?resize=1024%2C468\"><\/p>\n<p>Source: DOGEUSD on TradingView.com<\/p>\n<p>A close above the $0.0620 resistance might send the price toward the $0.0670 resistance. The next major resistance is near $0.0685. Any more gains might send the price toward the $0.072 level.<\/p>\n<h2>Are Dips Supported in DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to gain pace above the $0.0640 level, it could start a downside correction. Initial support on the downside is near the $0.0620 level.<\/p>\n<p>The next major support is near the $0.060 level. If there is a downside break below the $0.060 support, the price could decline further. In the stated case, the price might decline toward the $0.0565 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 Hours MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.0620, $0.0600, and $0.0565.<\/p>\n<p>Major Resistance Levels \u2013 $0.0638, $0.0640, and $0.0685.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/doge\/dogecoin-price-doge-prediction-resistance-0-064\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is recovering higher from the $0.060<\/p>\n","protected":false},"author":3,"featured_media":181567,"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 - 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