Dogecoin (DOGE) Consolidates near $0.70 High, Further Upsides Are Likely

Dogecoin (DOGE) Consolidates near $0.70 High, Further Upsides Are Likely

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bullish
Today, the DOGE price is retracing after rallying to the high of $0.70. In the previous price action, the DOGE price was stalled below the $0.40 price level. After a downward correction, the altcoin further decline to $0.15 as bulls bought the dips. The coin has regained bullish momentum. Meanwhile, on April 16 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. This Fibonacci retracement indicates that DOGE will rise to level 2.0 Fibonacci extension or the high of $0.84.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price has risen to level 73 of the Relative Strength Index period 14. It indicates that the coin has reached the overbought region. The crypto’s price is above the moving averages which indicates that the coin will rise.

DOGE/USD Medium-term bias: Bullish
On the 4 hour chart, the DOGE price is in an uptrend. The coin is fluctuating below the $0.70 resistance. Meanwhile, on May 5 uptrend; a retraced candle body tested the 78.6 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.272 Fibonacci extension and reverse. That is the coin will reach the high of $0.78 and reverse to $0.61 low.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 80% range of the daily stochastic. The coin is in a bullish momentum and the overbought region of the market. The coin has been in the overbought region since May 1. sellers may emerge. The 21-day and 50-day SMAs are sloping upward indicating the trend.

General Outlook for Dogecoin
DOGE price is now in an upward move. Further upsides are likely if the current resistance is breached. The crypto’s price is consolidating near the resistance zone for a possible upward move. The coin is retracing from the recent high.


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Dogecoin (DOGE) Recovers Above $0.25 Support, Faces Resistance At $0.35 High

Dogecoin (DOGE) Recovers Above $0.25 Support, Faces Resistance At $0.35 High

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Ranging
DOGE price has managed to reach the high of $0.34 but it is fluctuating below the $0.35 high. The crypto has the prospect of rising on the upside as it is above the moving averages. In the previous price action, the altcoin was repelled twice on April 16 and 19 at the resistance zone of $0.45. This compelled DOGE to fall on the downside. On the upside, if the bulls can clear the $0.35 resistance level, the market will rise to retest the $0.40 and $0.45 resistance levels.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
The crypto’s price is attempting to break the resistance line of the descending channel. If price breaks and closes above the resistance line, it will signal the resumption of the uptrend. The crypto’s price is above the moving averages which suggests a possible rise in price. DOGE is at level 64 of the Relative Strength Index period 14. It indicates that the coin is approaching the overbought region.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is rising but it is facing rejection at the $0.35 resistance zone. Meanwhile, on April 16 uptrend; a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extension. That is the high of $0.66. From the price action, the altcoin is struggling below the $0.35 resistance.

DOGE/USD -4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 40% range of the daily stochastic. The coin is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the previous trend.

General Outlook for Dogecoin
DOGE price is rising on the upside after recent retracement on the downside. The altcoin is falling after testing the $0.35 resistance level. DOGE will continue the upside momentum if the bulls defend the $0.30 support level. Otherwise, the downtrend will resume.


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Dogecoin (DOGE) Faces Strong Selling Pressure At $0.45 High, Resumes Downtrend

Dogecoin (DOGE) Faces Strong Selling Pressure At $0.45 High, Resumes Downtrend

Key Resistance Levels: $0.45, $0.46, $0.47
Key Support Levels: $0.25, $0.20,$0.15

DOGE/USD Long-term Trend: Bearish
Dogecoin is in a downward move after the bulls fail to push above the $0.45 resistance zone. In the first uptrend of April 16, the crypto was resisted and the coin fell to $0.24 low. The price corrected upward and retested the $0.45 resistance zone. The crypto fell and broke the bullish trend line. As the trend line is broken, it is presumed that the previous trend is likely to be terminated. However, the selling pressure is likely to continue.

DOGE/USD – 3 Hour Chart

Daily Chart Indicators Reading:
DOGE price has fallen to level 63 of the Relative Strength Index period 14. It indicates that the coin is still in the uptrend zone above the centerline 50. The 50-day and 21-day SMAs are sloping upward indicating the uptrend. The DOGE price has broken the bullish trend line and there is the tendency of further selling pressure.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is trading below the resistance at $0.42. The crypto is facing resistance and it is on a downward move. On April 20 downtrend, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extension. That is the low of $0.167.

4-hour Chart Indicators Reading
DOGE is below the 40% range of the daily stochastic. The coin is in a bearish momentum and the stochastic bands are sloping horizontally. The 21-day and 50-day SMAs are sloping upward indicating the previous trend.

General Outlook for Dogecoin
DOGE price is presently in a downward move as the buyers were repelled at the $0.45 resistance zone. The price has broken below the 21-day and the 50-day SMA which suggests a further downward movement of price.


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Dogecoin (DOGE) Rebounds above Level $0.08, Set For More Upside Momentum

Dogecoin (DOGE) Rebounds above Level $0.08, Set For More Upside Momentum

Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Bullish
DOGE price has resumed upward move after buyers broke the resistance line of the horizontal channel. The altcoin has rallied to $0.144 high. The RSI has indicated that the coin has reached the overbought region of the market. Therefore further upward move is doubtful.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price has risen to level 85 of the Relative Strength Index period 14. It indicates that the market has reached the overbought region. That is further upside momentum is unlikely. The 50-day and 21-day SMAs are sloping upward indicating the uptrend.

DOGE/USD Medium-term bias: Bullish
On the 4 hour chart, DOGE has resumed an upward move after price rebounded above level $0.072 support. The uptrend is facing resistance at level $0.144.Meanwhile, on April 14 uptrend, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extension. That is the high of $0.19.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is below the 80% range of the daily stochastic. However, the stochastic bands are sloping upward indicating an upward move. The coin has a bullish crossover, that is, the 21-day SMA crossing over the 50-day SMA. This indicates a bullish signal. The 21-day and 50-day SMAs are sloping upward.

General Outlook for Dogecoin
DOGE price has rebounded from its sideways move. There is a possibility of more upside momentum if price breaks the resistance at $0.14. Presently, buyers are attempting to break the resistance at $0.14. According to the Fibonacci tool analysis, the market will rise to a level $0.19.


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Dogecoin (DOGE) Continues Fluctuations Between $0.050 and $0.070, Targets the $0.072 High

Dogecoin (DOGE) Continues Fluctuations Between $0.050 and $0.070, Targets the $0.072 High

Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Ranging
DOGE price is presently rising in a confined range. The crypto’s price is fluctuating between $0.050 and $0.070. On March 31, the bulls attempted to break the $0.070 resistance but were repelled. On the upside, if the bulls break the resistance, the uptrend will resume. Otherwise, the range-bound movement will continue within the confined range.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 57 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone and capable of rising. The 50-day and 21-day SMAs are sloping horizontally indicating the range-bound movement.

DOGE/USD Medium-term bias: Ranging
On the 4 hour chart, the crypto price is fluctuating. DOGE price is facing rejection at the $0.066 resistance. The market will fall each time price tested the resistance. Meanwhile, on April 6 uptrend, a retraced candle body tested the 50 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.0 Fibonacci extension. That is the high of $0.072.

DOGE/USD -4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 25% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The coin has a bullish crossover, that is, the 21-day SMA crossing over the 50-day SMA. This indicates a bullish signal. The 21-day and 50-day SMAs are sloping upward.

General Outlook for Dogecoin
DOGE price is still trading within a confined range. Buyers are pushing price to the resistance level. The market will resume an uptrend properly if the resistance level at $0.70 is breached. DOGE is trading at $0.061 at the time of writing.

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Dogecoin (DOGE) Struggles Below $0.055, Faces Another Rejection

Dogecoin (DOGE) Struggles Below $0.055, Faces Another Rejection

Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Ranging
DOGE price is in a sideways trend. The crypto has been fluctuating between $0.040 and $0.060. DOGE price is characterized by small body candlesticks namely Doji and Spinning tops. These candlesticks indicate that buyers and sellers are undecided about the direction of the market. The crypto is consolidating in a range. The market is in a choppy price action. Dogecoin has not trended since February.

Daily Chart Indicators Reading:
DOGE price is at level 49 of the Relative Strength period 14. It indicates that there is a balance between supply and demand. The 50-day and 21-day SMAs are sloping horizontally indicating the sideways move.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the crypto is in a downward move. The crypto’s price corrected upward but it is facing resistance at a level of $0.055. The downward move is likely to continue. Meanwhile, on March 23 downtrend, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.618 Fibonacci extension. That is the low of $0.048.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 40% range of the daily stochastic. It indicates that the coin is in bullish momentum. The 21-day and 50-day SMAs are sloping downward.

General Outlook for Dogecoin
DOGE is in a downward move. The crypto’s price is facing rejection at $0.055. The coin upward move is doubtful above $0.055. The altcoin may decline after repeated rejection at the recent high. According to the Fibonacci tool, DOGE will decline to level 1.618 Fibonacci extension or at the low of $0.048.


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Dogecoin (DOGE) Faces Rejection at $0.060 Resistance, Plunges To $0.0512 Support

Dogecoin (DOGE) Faces Rejection at $0.060 Resistance, Plunges To $0.0512 Support

 Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Bearish
DOGE price has fallen to $0.0512 at the time of writing. The downtrend was caused by rejection at the $0.060 price level. In the previous price action, the coin has been trading below $0.064 overhead resistance. The bulls could not break the overhead resistance after two unsuccessful attempts. Today, the downtrend is likely to continue.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
The crypto’s price has broken the support line of the ascending channel. Similarly, the altcoin has fallen below the SMAs. All indicate that DOGE is likely to fall on the downside. DOGE is at level 43 of the Relative Strength Index period 14. It indicates that the coin is in the downtrend zone and below the centerline 50. The 50-day and 21-day SMAs are sloping horizontally indicating the sideways move.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the crypto is in a downward move. Recently, it retested the $0.056 high and resumed a downward move. Meanwhile, on March 23 downtrend, a retraced candle body tested the 32.8 % Fibonacci retracement level. The retracement indicates that DOGE will fall to level 2.618 Fibonacci extension . That is the low of $0.0435.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is below the 40% range of the daily stochastic. It indicates that the coin is in bearish momentum. The SMAs are sloping downward.

General Outlook for Dogecoin
DOGE is in a downtrend. The selling pressure is likely to continue as the crypto faces rejection at $0.056. The coin has fallen into the bearish trend and capable of a further downward move.

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Dogecoin (Doge) Fluctuates Between $0.050 and $0.060, May Resume Uptrend

Dogecoin (Doge) Fluctuates Between $0.050 and $0.060, May Resume Uptrend

Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Ranging
Today, the DOGE price is falling after reaching the high of $0.059. Generally, the altcoin is in a downward correction after the March 15 drawdown. The crypto fell to the low of $0.0550 and commenced range-bound movement. The coin is fluctuating between $0.055 and $0.060. DOGE will resume upward if the price breaks the $0.060 price level. Otherwise, the current fluctuation will persist.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE is at level 54 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone and above the centerline 50. The 50-day and 21-day SMAs are sloping horizontally indicating the sideways move.

DOGE/USD Medium-term bias: Ranging
On the 4 hour chart, the crypto is range-bound. The price is likely to move up if the resistance at $0.060 is breached. On March 8, a retraced candle body tested the 61.8 % Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extension . That is the high of $0.072.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE is above the 60% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The SMAs are sloping upward.

General Outlook for Dogecoin
DOGE is still fluctuating between $0.050 and $0.060. The crypto is yet to trend. The altcoin is likely to trend if price breaks the upper price range. Buyers are struggling to break the resistance at $0.060.



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Elon Musk Calls on Coinbase to List Dogecoin on Its Platform

Elon Musk Calls on Coinbase to List Dogecoin on Its Platform

Tesla CEO Elon Musk called on Coinbase, America’s largest cryptocurrency exchange, to enable Dogecoin (DOGE) on its platform over the weekend.

The tech mogul’s call to Coinbase came as a response to a question asked by a Twitter user, which noted that:

“Hi Elon, I saw a report that Coinbase was used for the Tesla BTC purchase (nice entry btw). Do you think Coinbase should enable Dogecoin on their platform? It would enable many folks to easily access DOGE.”

Furthermore, Musk tweeted a series of tweets around DOGE over the weekend. One of these tweets was the CEO revealing his plans to get a Shiba Inu dog, the dog breed used as the mascot for the meme cryptocurrency.

While this particular tweet did not drive the price action of Dogecoin, it sparked a near 300% rally in the price of the Shiba Inu (SHIB) token.

Meanwhile, Musk also made a tweet about Bitcoin over the weekend, saying that “BTC (Bitcoin) is an anagram of TBC (The Boring Company) What a coincidence!”. The tweet did not have any effect on the price action of BTC.

That said, Musk’s frequent tweets and comments on Dogecoin and other coins have gotten many people in the cryptocurrency community rattled, most of who think that his tweets are causing significant damage to the natural fabric of the industry given the level of influence he wields.

DOGEUSD – 4-Hour Chart

Key DOGE Levels to Watch — March 15
Dogecoin has been on a steady climb since its fall to the $0.0400 area in late February. The cryptocurrency made another attempt at the $0.0650 resistance yesterday but got heavily resisted and has since fallen below the $0.0600 round figure, once again.

That said, we expect to see a rebound from the current price levels ($0.0560) to $0.0650, once again, and higher over the coming hours and days. However, a slip below the ascending trendline could rapidly open the door to $0.0500.

Meanwhile, our resistance levels are at $0.0600, $0.0650, and $0.0700, and our key support levels are at $0.0550, $0.0500, and $0.0450.

Total Market Capitalization: $1.70 trillion

Dogecoin Market Capitalization: $7.2 billion

Dogecoin Dominance: 0.4%

 

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Dogecoin (DOGE) Falls, May Resume Range-Bound Move Between $0.040 and $0.060

Dogecoin (DOGE) Falls, May Resume Range-Bound Move Between $0.040 and $0.060

Key Resistance Levels: $0.09, $0.10, $0.11
Key Support Levels: $0.03, $0.02,$0.01

DOGE/USD Long-term Trend: Ranging
DOGE has continued its range-bound move between $0.040 and $0.060. On March 8, the bulls broke the range-bound movement but the uptrend could not be sustained. The selling pressure pushed the price to the range-bound zone. Presently, DOGE is falling to the lower price range. The range-bound move is likely to continue for a few more days.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE is at level 53 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone and above the centerline 50. The 50-day and 21-day SMAs are sloping horizontally indicating the sideways move.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the crypto is falling. After the breakdown on March 9, the price corrected upward to retest the $0.058 high. On March 9 downtrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.272 Fibonacci extension and reverse. That is the low of $0.0539.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE has risen above the 25% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The SMAs are sloping upward.

General Outlook for Dogecoin
DOGE is still fluctuating between $0.040 and $0.060. Recently, the bulls could not sustain the bullish momentum as price fell back into the range-bound zone. The market is falling but an upward move will resume if the price falls and finds support above $0.054.


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Author : Azeez Mustapha

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Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.