{"id":4379,"date":"2022-01-10T07:24:30","date_gmt":"2022-01-10T07:24:30","guid":{"rendered":"https:\/\/egrowonline.com\/?p=4379"},"modified":"2022-01-10T07:24:30","modified_gmt":"2022-01-10T07:24:30","slug":"dogecoin-price-eyes-17-gain-as-doge-reveals-a-bottoming-structure","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=4379","title":{"rendered":"Dogecoin price eyes 17% gain as DOGE reveals a bottoming structure"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>Dogecoin price is forming a bottoming structure around the $0.151 barrier, signaling an uptrend is near.<\/strong><\/li>\n<li><strong>A recovery above the $0.151 support floor will trigger a 17% rally to the $0.176 resistance level.<\/strong><\/li>\n<li><strong>A four-hour candlestick close below the $0.147 foothold will invalidate the bullish thesis.<\/strong><\/li>\n<\/ul>\n<p>Dogecoin price has been <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-on-thin-support-threatens-flash-crash-to-008-202201091338\" rel=\"noopener\">compounding its losses<\/a> after it breached a crucial support level on January 5. However, the recent price action shows that DOGE is forming a bottom and will likely reverse the trend and kick-start an upswing.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Dogecoin price vies for a new high<\/strong><\/h2>\n<p>Dogecoin price exhibited a fractal on January 3, which consisted of a failed triple bottom setup followed by a massive uptrend. However, this outlook failed to provide value as DOGE sliced through the $0.159 and $0.151 support floors, invalidating the fractal.<\/p>\n<p>However, after breaching through the $0.151 support level, Dogecoin price has set a swing low at $0.147. Soon thereafter, DOGE set up another lower low, effectively collecting the liquidity and signaling a typical <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-attempts-a-13-advance-as-doge-sets-a-perfect-reversal-point-202201041024\" rel=\"noopener\">bottoming structure<\/a>.<\/p>\n<p>Therefore, investors can expect Dogecoin price to recover above the $0.151 and $0.159 barriers and <a target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-presents-buying-opportunity-before-doge-returns-to-028-202201090040\" rel=\"noopener\">make a 10% run<\/a> for the $0.168 resistance barrier. In a bullish case, the market makers are likely to propel DOGE to sweep above the $0.176 hurdle to collect the buy-stop liquidity resting above it.\u00a0<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DOGEPERP_2022-01-10_07-14-47-637773795667888832.png\" rel=\"noopener\"><img decoding=\"async\" alt=\"DOGE\/USDT 4-hour chart\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/DOGEPERP_2022-01-10_07-14-47-637773795667888832.png\" style=\"width: 950px;height: 540px\" \/><\/a><\/p>\n<p><small>DOGE\/USDT 4-hour chart<\/small><\/p>\n<p>Investors should note that the bottoming structure might see another swing low piercing the $0.147 support floor before the uptrend kick-starts. However, if DOGE produces a four-hour candlestick close below $0.147, it will invalidate the bullish thesis.<\/p>\n<p>In this scenario, market participants can expect the Dogecoin price to crash 12% and revisit the $0.129 support level.<\/p>\n<div class=\"youtube_cke fxs_external\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Dogecoin on thin support, threatens flash crash to $0.08\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/agMrHfgB6JA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-eyes-17-gain-as-doge-reveals-a-bottoming-structure-202201100309\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price is forming a bottoming structure around the $0.151 barrier, signaling an uptrend is near. A recovery above the $0.151 support floor will trigger a 17% rally to the $0.176 resistance level. A four-hour candlestick close below the $0.147 foothold will invalidate the bullish thesis. Dogecoin price has been compounding its losses after it [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":356,"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":[3333,291,85,793,254,195,709,1194],"class_list":["post-4379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-bottoming","tag-doge","tag-dogecoin","tag-eyes","tag-gain","tag-price","tag-reveals","tag-structure"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/11\/dogecoin-200x200-637483778649728159_Large.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4379","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=4379"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4379\/revisions"}],"predecessor-version":[{"id":4380,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/4379\/revisions\/4380"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/356"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4379"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}