Dogecoin remained sturdy and it rallied additional above $0.5000 in opposition to the US Dollar. DOGE surged over 50% and it traded to a brand new all-time excessive above $0.6500.
- DOGE prolonged its rally and it cleared the $0.5000 and $0.5500 resistance ranges in opposition to the US greenback.
- The worth is buying and selling effectively above the $0.5000 zone and the 100 easy transferring common (4-hours).
- There is a key bullish development line forming with help close to $0.4800 on the 4-hours chart of the DOGE/USD pair (knowledge supply from Bitfinex).
- The pair is prone to proceed increased above the $0.6800 and $0.7000 ranges within the close to time period.
Dogecoin Rallies To New ATH
Yesterday, we mentioned the probabilities of extra positive factors in dogecoin above the $0.5000 resistance zone. DOGE did achieve tempo above the $0.5000 resistance, outpacing bitcoin and ethereum.
It surged over 50% and it even cleared the $0.6500 stage. A brand new all-time excessive is shaped close to the $0.6793, with a bullish angle. It is now buying and selling effectively above the $0.5000 zone and the 100 easy transferring common (4-hours).
An preliminary help is close to the $0.6200 stage. The first key help is close to the $0.6050 stage. It is near the 23.6% Fib retracement stage of the latest surge from the $0.3618 swing low to $0.6793 excessive. If there’s a draw back break beneath the $0.6000 help, the value might appropriate additional.
Source: DOGEUSD on TradingView.com
The most important help is forming close to the $0.5200 and $0.5000 ranges. The 50% Fib retracement stage of the latest surge from the $0.3618 swing low to $0.6793 excessive can also be close to $0.5200. Moreover, there’s a key bullish development line forming with help close to $0.4800 on the 4-hours chart of the DOGE/USD pair. Any extra losses might open the doorways for a transfer in the direction of the $0.4000 stage.
More Gains in DOGE?
If DOGE worth stays steady above the $0.6000 help, there are probabilities of extra positive factors. An preliminary resistance on the upside is close to the $0.6750 stage.
The first main resistance is close to the $0.7000 stage. Any extra positive factors above the $0.7000 zone might encourage the bulls to purpose a take a look at the essential $1 stage.
Technical Indicators
4-Hours MACD – The MACD for DOGE/USD is now gaining momentum within the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now within the overbought zone.
Major Support Levels – $0.6500, $0.6050 and $0.6000.
Major Resistance Levels – $0.6750, $0.7000 and $0.8000.
