Doge Breaking This Single Level Will Spark Fresh Rally

Dogecoin started a decent increase from the $0.0685 support against the US Dollar. DOGE could rally if it clears the $0.074 resistance zone.

• DOGE kämpft de Moment fir d'$0.074 Resistenz géint den US Dollar ze läschen.
• De Präis handelt ënner der $0.0725 Zone an dem 100 einfache bewegende Duerchschnëtt (4 Stonnen).
• There was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
• De Pair kéint e frësche Rallye starten wann et d'$0.0740 Resistenzzone läscht.

Dogecoin Präis zielt méi héich

After a sharp decline, Dogecoin’s price found support near the $0.0685 zone. DOGE formed a base and recently started a decent increase above $0.070, similar to Bitcoin and Ethereum.

There was a clear move above the $0.0720 resistance zone. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low. Besides, there was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE/USD pair.

However, the bears were active near the $0.074 resistance. Dogecoin faced rejection near the 76.4% Fib retracement level of the downward move from the $0.0755 swing high to the $0.0684 low.

Doge is now trading below the $0.0725 zone and the 100 simple moving average (4 hours). It is holding the key $0.0718 support zone. On the upside, the price is facing resistance near the $0.0722 level. The first major resistance is near the $0.0740 level.

Quell: DOGEUSD op TradingView.com

Eng Zoumaache iwwer d'$0.074 Resistenz kéint de Präis op d'$0.0775 Resistenz schécken. Déi nächst grouss Resistenz ass bal $0.0800. All méi Gewënn kéint de Präis op den $ 0.0825 Niveau schécken.

Downside Break in DOGE?

Wann dem DOGE säi Präis net méi séier iwwer den $0.074 Niveau kënnt, kann et weider erof goen. Déi initial Ënnerstëtzung um Downside ass no bei der $0.0718 Niveau.

Déi nächst grouss Ënnerstëtzung ass no bei $ 0.0700 Niveau. Wann et e Downside Paus ënner der $0.070 Ënnerstëtzung ass, kann de Präis weider erofgoen. Am uginne Fall kann de Präis op den $ 0.0685 Niveau erofgoen.

technesch Indicateuren

4 Hours MACD - D'MACD fir DOGE/USD kritt elo Momentum an der bearish Zone.

4 Hours RSI (Relative Strength Index) - Den RSI fir DOGE / USD ass elo ënner dem 50 Niveau.

Major Support Levels - $ 0.0718, $ 0.070, an $ 0.0685.

Major Resistance Levels - $ 0.0722, $ 0.0740, an $ 0.0775.