{"id":1392,"date":"2024-11-22T06:00:22","date_gmt":"2024-11-22T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/dogecoin-doge-shows-renewed-energy-rally-incoming\/"},"modified":"2024-11-22T06:00:22","modified_gmt":"2024-11-22T06:00:22","slug":"dogecoin-doge-shows-renewed-energy-rally-incoming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/dogecoin-doge-shows-renewed-energy-rally-incoming\/","title":{"rendered":"Dogecoin (DOGE) Shows Renewed Energy: Rally Incoming?"},"content":{"rendered":"<p><em>Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh increase above the $0.3750 resistance level.<\/li>\n<li>The price is trading above the $0.3800 level and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could continue to rally if it clears the $0.400 and $0.4080 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Eyes More Upsides<\/h2>\n<p>Dogecoin price remained supported above the $0.350 level and recently started a fresh increase like Bitcoin and Ethereum. DOGE was able to clear the $0.3650 and $0.3750 resistance levels.<\/p>\n<p>The price climbed above the 50% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low. Besides, there was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>Dogecoin price is now trading above the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3950 level or the 61.8% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-654331 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Doegcoin-DOGE_5878c7.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>The first major resistance for the bulls could be near the $0.400 level. The next major resistance is near the $0.4080 level. A close above the $0.4080 resistance might send the price toward the $0.4200 resistance. Any more gains might send the price toward the $0.4500 level. The next major stop for the bulls might be $0.500.<\/p>\n<h2>Are Dips Supported In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.400 level, it could start a downside correction. Initial support on the downside is near the $0.3850 level. The next major support is near the $0.3750 level.<\/p>\n<p>The main support sits at $0.3550. If there is a downside break below the $0.3550 support, the price could decline further. In the stated case, the price might decline toward the $0.3200 level or even $0.300 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.3850 and $0.3750.<\/p>\n<p>Major Resistance Levels \u2013 $0.4000 and $0.4200.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400. DOGE price started a fresh increase above the $0.3750 resistance level. The price is trading above the $0.3800 level and the 100-hourly simple moving average. There was a break above a short-term contracting&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139],"tags":[63,145,65,146,66,147],"class_list":["post-1392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-doge","tag-doge-btc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1392"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1393"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}