Dogecoin Price Prediction – DOGE Could Soon Pump 20% Like Bitcoin

Dogecoin is climbing greater above the $0.065 resistance towards the US Greenback. DOGE might rally over 20% if it clears the $0.070 resistance zone.

• DOGE began an honest improve above the $0.0625 resistance towards the US greenback.
• The worth is buying and selling under the $0.0650 degree and the 100 easy shifting common (4 hours).
• There’s a key bullish pattern line forming with help close to $0.0650 on the 4-hour chart of the DOGE/USD pair (information supply from Kraken).
• The worth might begin a powerful rally like Bitcoin if it clears the $0.070 resistance.

Dogecoin Value Begins Improve

After forming a base above the $0.0575 degree, Dogecoin value began a contemporary improve. DOGE broke the $0.060 resistance zone to maneuver right into a optimistic zone.

The latest pump in Bitcoin and Ethereum additionally pushed DOGE additional greater. There was a gradual improve above the $0.0650 resistance zone. A excessive is shaped close to $0.0693 and the worth is now consolidating positive factors. It is usually above the 23.6% Fib retracement degree of the latest improve from the $0.0574 swing low to the $0.0693 excessive.

DOGE is now buying and selling above the $0.065 degree and the 100 easy shifting common (4 hours). On the upside, the worth is going through resistance close to the $0.0685 degree. There may be additionally a key bullish pattern line forming with help close to $0.0650 on the 4-hour chart of the DOGE/USD pair.

Supply: DOGEUSD on TradingView.com

The primary main resistance is close to the $0.0685 degree. The primary resistance is close to $0.070. A detailed above the $0.070 resistance may ship the worth towards the $0.0735 resistance. The following main resistance is close to $0.0750. Any extra positive factors may ship the worth towards the $0.080 degree.

Are Dips Supported in DOGE?

If DOGE’s value fails to achieve tempo above the $0.070 degree, it might begin a draw back correction. Preliminary help on the draw back is close to the $0.0665 degree.

The following main help is close to the $0.0650 degree. If there’s a draw back break under the $0.0650 help, the worth might decline additional. Within the said case, the worth may decline towards the $0.0632 degree or the 50% Fib retracement degree of the latest improve from the $0.0574 swing low to the $0.0693 excessive.

Technical Indicators

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

4 Hours RSI (Relative Power Index) – The RSI for DOGE/USD is now above the 50 degree.

Main Assist Ranges – $0.0665, $0.0650, and $0.0632.

Main Resistance Ranges – $0.0685, $0.0700, and $0.0750.