{"id":610543,"date":"2024-05-30T02:28:37","date_gmt":"2024-05-30T02:28:37","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=610543"},"modified":"2024-06-11T14:46:19","modified_gmt":"2024-06-11T14:46:19","slug":"dogecoins-rally-ride-doge","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/dogecoins-rally-ride-doge\/","title":{"rendered":"Dogecoin&#8217;s Rally Ride: DOGE Hang On Tight or Prepare to Bark!"},"content":{"rendered":"<p><em>Dogecoin corrected gains and tested the $0.1620 zone against the US Dollar. DOGE is now forming a base and might start a fresh increase above $0.1680.<\/em><\/p>\n<ul>\n<li>DOGE price declined and tested the key support at $0.1620.<\/li>\n<li>The price is trading below the $0.1650 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price must settle above $0.170 to move into a positive zone and start a fresh surge.<\/li>\n<\/ul>\n<h2>Dogecoin Price Holds Support<\/h2>\n<p>After a steady increase, Dogecoin price faced resistance near the $0.1750 zone. The recent swing high was formed at $0.1705 before DOGE started a downside correction like <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-struggles-67k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/shenyangcang.com\/analysis\/eth\/ethereum-dips-further-3720\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. There was a drop below the $0.1650 support zone.<\/p>\n<p>A low was formed at $0.1620 and DOGE is now consolidating for the next move. Dogecoin is now trading below the $0.1650 level and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $0.1664 level. It is near the 50% Fib retracement level of the downward move from the $0.1705 swing high to the $0.1620 low.<\/p>\n<p>The next major resistance is near the $0.1685 level or the 76.4% Fib retracement level of the downward move from the $0.1705 swing high to the $0.1620 low. There is also a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE\/USD pair.<\/p>\n<figure id=\"attachment_610544\" aria-describedby=\"caption-attachment-610544\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-610544 size-full\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?resize=1024%2C449\" alt=\"Dogecoin Price\" width=\"1024\" height=\"449\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=1950 1950w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=460 460w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=768 768w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=860 860w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=1536 1536w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=750 750w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/05\/Doegcoin-DOGE_458b6f.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-610544\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A close above the $0.1685 resistance might send the price toward the $0.1725 resistance. Any more gains might send the price toward the $0.1750 level. The next major stop for the bulls might be $0.1800.<\/p>\n<h2>More Losses In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to gain pace above the $0.1685 level, it could start another decline. Initial support on the downside is near the $0.1620 level.<\/p>\n<p>The next major support is near the $0.1550 level. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1520 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.1620, $0.1550 and $0.1520.<\/p>\n<p>Major Resistance Levels \u2013 $0.1660, $0.1685, and $0.1720.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin corrected gains and tested the $0.1620 zone against the US Dollar. DOGE is now forming a base and might start a fresh increase above $0.1680. DOGE price declined and tested the key support at $0.1620. The price is trading below the $0.1650 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price must settle above $0.170 to move into a positive zone and start a fresh surge. Dogecoin Price Holds Support After a steady increase, Dogecoin price faced resistance near the $0.1750 zone. The recent swing high was formed at $0.1705 before DOGE started a downside correction like Bitcoin and Ethereum. There was a drop below the $0.1650 support zone. A low was formed at $0.1620 and DOGE is now consolidating for the next move. Dogecoin is now trading below the $0.1650 level and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $0.1664 level. It is near the 50% Fib retracement level of the downward move from the $0.1705 swing high to the $0.1620 low. The next major resistance is near the $0.1685 level or the 76.4% Fib retracement level of the downward move from the $0.1705 swing high to the $0.1620 low. There is also a key bearish trend line forming with resistance at $0.1685 on the hourly chart of the DOGE\/USD pair. A close above the $0.1685 resistance might send the price toward the $0.1725 resistance. Any more gains might send the price toward the $0.1750 level. The next major stop for the bulls might be $0.1800. More Losses In DOGE? If DOGE\u2019s price fails to gain pace above the $0.1685 level, it could start another decline. Initial support on the downside is near the $0.1620 level. The next major support is near the $0.1550 level. If there is a downside break below the $0.1550 support, the price could decline further. In the stated case, the price might decline toward the $0.1520 level. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.1620, $0.1550 and $0.1520. Major Resistance Levels \u2013 $0.1660, $0.1685, and $0.1720.<\/p>\n","protected":false},"author":67,"featured_media":610545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1788,7,79599,79600],"class_list":["post-610543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin&#039;s Rally Ride: DOGE Hang On Tight or Prepare to Bark!<\/title>\n<meta name=\"description\" content=\"Dogecoin corrected gains and tested the $0.1620 zone against the US Dollar. 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