{"id":40980,"date":"2023-01-12T07:16:53","date_gmt":"2023-01-12T07:16:53","guid":{"rendered":"https:\/\/egrowonline.com\/?p=40980"},"modified":"2023-01-12T07:16:53","modified_gmt":"2023-01-12T07:16:53","slug":"dogecoin-price-prints-bullish-pattern-why-close-above-0-08-is-critical","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=40980","title":{"rendered":"Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance.<\/em><\/p>\n<ul>\n<li>DOGE gained pace and traded above the $0.075 resistance against the US dollar.<\/li>\n<li>The price is trading above the $0.0750 zone and the 100 simple moving average (4-hours).<\/li>\n<li>There is a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The pair could rise further if there is a clear close above the $0.080 resistance.<\/li>\n<\/ul>\n<h2>Dogecoin Price Signals Bullish<\/h2>\n<p>After a strong decline, dogecoin price found support near the $0.066 zone. DOGE remained well bid and started a steady increase above the $0.068 resistance.<\/p>\n<p>There was a clear move above the $0.070 resistance zone to set the pace for a decent increase. The price cleared the 23.6% Fib retracement level of the key decline from the $0.1402 swing high to $0.0658 low. The price is now trading above the $0.0750 zone and the 100 simple moving average (4-hours).<\/p>\n<p>There is also a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE\/USD pair. In the past few sessions, doge saw bullish moves above $0.075, similar to <a target=\"_blank\" href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-surges-past-18k\/\" rel=\"noopener\">bitcoin<\/a> and <a target=\"_blank\" href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-climbs-5-pc\/\" rel=\"noopener\">ethereum<\/a>.<\/p>\n<p>On the upside, the price is facing resistance near the $0.080 level. The first major resistance is near the $0.0820 level. A clear move above the $0.082 resistance might send the price towards the $0.088 resistance. It is near the 50% Fib retracement level of the key decline from the $0.1402 swing high to $0.0658 low.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE.png\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-515848\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE.png\" alt=\"Dogecoin Price Signals Bullish\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2023\/01\/Doegcoin-DOGE-1140x525.png 1140w\" \/><\/a><\/p>\n<p>Source: <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" rel=\"nofollow noopener\">DOGEUSD on TradingView.com<\/a><\/p>\n<p>Any more gains might send the price towards the $0.090 level. A clear move above the $0.090 resistance could open the gates for a rally towards the $0.100 level.<\/p>\n<h2>Dips Limited in DOGE?<\/h2>\n<p>If DOGE price fails to gain pace above the $0.082 level, it could started a downside correction. An initial support on the downside is near the $0.0765 level.<\/p>\n<p>The next major support is near the $0.074 level and the trend line. If there is a downside break below the $0.074 support, the price could decline further. In the stated case, the price might decline towards the $0.070 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 $0.0765, $0.0740 and $0.0700.<\/p>\n<p>Major Resistance Levels \u2013 $0.080, $0.0850 and $0.088.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiQGh0dHBzOi8vbmV3c2J0Yy5jb20vYW5hbHlzaXMvZG9nZWNvaW4tcHJpY2UtY2xvc2UtMC0wOC1jcml0aWNhbC_SAURodHRwczovL25ld3NidGMuY29tL2FuYWx5c2lzL2RvZ2Vjb2luLXByaWNlLWNsb3NlLTAtMDgtY3JpdGljYWwvYW1wLw?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance. DOGE gained pace and traded above the $0.075 resistance against the US dollar. The price is trading above the $0.0750 zone and the 100 simple moving average [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[359,752,215,85,178,195,1751],"class_list":["post-40980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bullish","tag-close","tag-critical","tag-dogecoin","tag-pattern","tag-price","tag-prints"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/shutterstock_1100038610-860x508.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40980"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40980\/revisions"}],"predecessor-version":[{"id":40982,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40980\/revisions\/40982"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/40981"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40980"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}