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Home Market & Analysis

Dogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?

n70products by n70products
May 8, 2025
in Market & Analysis
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Dogecoin (DOGE) Flashes Bullish Signals—Is a Major Rally on the Horizon?
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Dogecoin began a contemporary enhance from the $0.1650 zone towards the US Greenback. DOGE is now gaining tempo and would possibly rise towards the $0.185 zone.

  • DOGE value began a contemporary enhance above the $0.170 and $0.172 ranges.
  • The worth is buying and selling above the $0.1750 stage and the 100-hourly easy transferring common.
  • There’s a connecting bullish development line forming with assist at $0.1740 on the hourly chart of the DOGE/USD pair (knowledge supply from Kraken).
  • The worth may begin a contemporary enhance if it clears the $0.180 resistance zone.

Dogecoin Worth Goals Greater

Dogecoin value began a contemporary enhance after it discovered assist close to $0.1650, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.170 resistance zone.

The bulls even pushed the value above the 50% Fib retracement stage of the downward transfer from the $0.1843 swing excessive to the $0.1642 low. Apart from, there’s a connecting bullish development line forming with assist at $0.1740 on the hourly chart of the DOGE/USD pair.

Dogecoin value is now buying and selling above the $0.1750 stage and the 100-hourly easy transferring common. Instant resistance on the upside is close to the $0.1780 stage.

Dogecoin Price

The primary main resistance for the bulls might be close to the $0.1790 stage and the 76.4% Fib retracement stage of the downward transfer from the $0.1843 swing excessive to the $0.1642 low. The subsequent main resistance is close to the $0.1840 stage. An in depth above the $0.1840 resistance would possibly ship the value towards the $0.1880 resistance. Any extra positive factors would possibly ship the value towards the $0.1920 stage. The subsequent main cease for the bulls could be $0.200.

One other Decline In DOGE?

If DOGE’s value fails to climb above the $0.1790 stage, it may begin one other decline. Preliminary assist on the draw back is close to the $0.1740 stage. The subsequent main assist is close to the $0.1720 stage.

The principle assist sits at $0.1650. If there’s a draw back break under the $0.1650 assist, the value may decline additional. Within the acknowledged case, the value would possibly decline towards the $0.1550 stage and even $0.1450 within the close to time period.

Technical Indicators

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

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

Main Assist Ranges – $0.1740 and $0.1720.

Main Resistance Ranges – $0.1790 and $0.1850.



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