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Home Market & Analysis

Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?

n70products by n70products
January 21, 2025
in Market & Analysis
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Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?
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Dogecoin began a draw back correction from the $0.4050 zone towards the US Greenback. DOGE is now consolidating and would possibly try a contemporary improve if it clears the $0.3680 resistance.

  • DOGE value began a contemporary decline under $0.4050 and $0.380.
  • The worth is buying and selling under the $0.3750 degree and the 100-hourly easy transferring common.
  • There’s a main bearish development line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair (information supply from Kraken).
  • The worth may begin one other improve if it clears the $0.3650 and $0.3680 resistance ranges.

Dogecoin Value Dips To Help

Dogecoin value began a contemporary decline from the $0.4050 resistance zone, in contrast to Bitcoin and Ethereum. DOGE dipped under the $0.400 and $0.380 assist ranges. It even spiked under $0.350.

A low was fashioned at $0.3380 and the value is now consolidating losses under the 23.6% Fib retracement degree of the downward transfer from the $0.3860 swing excessive to the $0.3380 low. There may be additionally a serious bearish development line forming with resistance at $0.3650 on the hourly chart of the DOGE/USD pair.

Dogecoin value is now buying and selling under the $0.3750 degree and the 100-hourly easy transferring common. Quick resistance on the upside is close to the $0.3650 degree and the development line.

The primary main resistance for the bulls could possibly be close to the $0.3680 degree or the 61.8% Fib retracement degree of the downward transfer from the $0.3860 swing excessive to the $0.3380 low. The subsequent main resistance is close to the $0.3750 degree.

Dogecoin Price

An in depth above the $0.3750 resistance would possibly ship the value towards the $0.3860 resistance. Any extra features would possibly ship the value towards the $0.40 degree. The subsequent main cease for the bulls may be $0.420.

One other Decline In DOGE?

If DOGE’s value fails to climb above the $0.3750 degree, it may begin one other decline. Preliminary assist on the draw back is close to the $0.340 degree. The subsequent main assist is close to the $0.3380 degree.

The primary assist sits at $0.3250. If there’s a draw back break under the $0.3250 assist, the value may decline additional. Within the acknowledged case, the value would possibly decline towards the $0.3020 degree and even $0.300 within the close to time period.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for DOGE/USD is now under the 50 degree.

Main Help Ranges – $0.3380 and $0.3250.

Main Resistance Ranges – $0.3650 and $0.3750.



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