• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Dogecoin (DOGE) Drifts Sideways—Will Bulls Step Up to the Challenge?

February 11, 2025
in Bitcoin
Reading Time: 2min read
0 0
A A
0
Dogecoin (DOGE) Drifts Sideways—Will Bulls Step Up to the Challenge?
0
SHARES
0
VIEWS
ShareShareShareShareShare

Dogecoin started a recovery wave above the $0.250 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2655.

  • DOGE price started a recovery wave above the $0.2500 and $0.2520 levels.
  • The price is trading above the $0.250 level and the 100-hourly simple moving average.
  • There was a break above a connecting bearish trend line with resistance at $0.2515 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could start another increase if it clears the $0.260 and $0.2655 resistance levels.

Dogecoin Price Faces Resistance

Dogecoin price started a fresh decline from the $0.2940 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.280 and $0.2655 support levels. It even spiked below $0.250.

A low was formed at $0.2388 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward wave from the $0.2933 swing high to the $0.2388 low. The price even cleared the $0.2500 resistance level.

There was a break above a connecting bearish trend line with resistance at $0.2515 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level.

The first major resistance for the bulls could be near the $0.2655 level or the 50% Fib retracement level of the downward wave from the $0.2933 swing high to the $0.2388 low. The next major resistance is near the $0.2725 level.

A close above the $0.2725 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.260 level, it could start another decline. Initial support on the downside is near the $0.2520 level. The next major support is near the $0.250 level.

The main support sits at $0.2380. If there is a downside break below the $0.2380 support, the price could decline further. In the stated case, the price might decline toward the $0.2250 level or even $0.2120 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.2520 and $0.2500.

Major Resistance Levels – $0.2600 and $0.2655.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Ripple Makes Waves with New Portugal-to-Brazil Payment Corridor Via Unicâmbio Partnership

Next Post

SingularityNET (AGIX)’s 2024 Report Highlights Advances in AI and AGI

Next Post
SingularityNET (AGIX) Ecosystem Update: Major Milestones and Future Plans

SingularityNET (AGIX)'s 2024 Report Highlights Advances in AI and AGI

You might also like

Ethereum Price Could Plunge To $1,200 In December, Says Expert

Ethereum Eyes 15% Move Amid $2,680 Retest – Breakout Next?

June 5, 2025

The Last Bitcoin Cycle? Swan Says History’s Turning

June 5, 2025
New Federal Reserve Vice Chair Confirmation Represents a ‘Turning Point’ for Crypto, Says Senator Lummis

New Federal Reserve Vice Chair Confirmation Represents a ‘Turning Point’ for Crypto, Says Senator Lummis

June 6, 2025

Bitcoin Whale Breaks Silence with $26 Million Transfer — What’s Going On?

June 8, 2025
Andreessen Horowitz to Raise $4.5B for Two New Crypto Funds

Solana’s Journey: Challenges, Innovations, and the Push for Speed

June 5, 2025
Banking Giant Societe Generale To Launch Stablecoin on Ethereum and Solana Blockchains

Banking Giant Societe Generale To Launch Stablecoin on Ethereum and Solana Blockchains

June 11, 2025
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Is Bitcoin Headed for a Meltdown? Veteran Trader Sees 75% Crash Ahead

Is Bitcoin Headed for a Meltdown? Veteran Trader Sees 75% Crash Ahead

June 11, 2025
VeChain Foundation Releases Q1 2024 Treasury Report

Together AI Launches Cost-Efficient Batch API for LLM Requests

June 11, 2025

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Heart NumberHeart Number(HTN)$0.000000-30.47%
  • TadpoleTadpole(TAD)$0.000000-1.76%
  • SEENSEEN(SEEN)$0.000000-2.27%
  • EvedoEvedo(EVED)$0.000000-0.80%
  • MarginswapMarginswap(MFI)$0.000000-2.17%
  • SakeTokenSakeToken(SAKE)$0.0000004.37%
  • WTF TokenWTF Token(WTF)$0.0000000.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.000000-5.83%
  • RobotinaRobotina(ROX)$0.00000038.50%
  • CageCage(C4G3)$0.000000-3.67%