Dogecoin (DOGE) In a Downward Correction, Revisits Previous Low at $0.23

Dogecoin (DOGE) In a Downward Correction, Revisits Previous Low at $0.23

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’s (DOGE) price has fallen below the moving averages. There is a tendency for crypto to decline on the downside. Following the breakdown on September 7, DOGE plunged to $0.21 as bulls bought the dips. DOGE price corrected up to $0.26 high but faces rejection. From the $0.26 high, the altcoin has been in a downward correction. The market may fall and reach the previous low of $0.22.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is still below the moving averages which indicates that the crypto could easily fall on the downsides. Dogecoin is at level 41 of the Relative Strength Index period 14. The crypto is in the downtrend zone and capable of falling on the downside.

DOGE/USD Medium-term bias: Ranging
On 4 hour chart, the DOGE price is in a downward correction. The crypto is fluctuating between levels $0.23 and $0.26. The crypto’s price has risen to $0.24 in the middle of price range. The coin has reached the overbought region. It is likely to revisit the previous low at $0.23.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE price is above the 80% range of the daily stochastic. It indicates that DOGE is in an overbought region of the market. It indicates that the altcoin is likely to fall as sellers emerge in the overbought region. The 21-day and the 50-day SMA are sloping downward.

General Outlook for Dogecoin
DOGE/USD is in a downward correction. The altcoin will trend upward if the bulls break above the $0.26 resistance. Similarly, the downtrend will resume if price breaks below the $0.23 support level. Presently, the coin is making a downward move.

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Dogecoin (DOGE) Resumes Downtrend, May Revisit Previous Low

Dogecoin (DOGE) Resumes Downtrend, May Revisit Previous Low

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 (DOGE) price dropped sharply after failing to sustain above the $0.32 high. The crypto reached the low of $0.21. The crypto’s price corrected upward to $0.25 high. The uptrend is facing resistance at $0.26. There is the tendency of further downsides as price breaks below the moving averages. However, if the bulls break above the $0.26 resistance, the market will rise to the high of $0.28. And if the bullish momentum extends above the moving averages, the uptrend is likely to continue.

Daily Chart Indicators Reading:
DOGE price has broken below the 21-day SMA and the 50-day SMA. This implies that there is the likelihood of further downward movement of prices. Dogecoin is at level 42 of the Relative Strength Index period 14. The crypto is in the downtrend zone and capable of falling on the downside.

DOGE/USD – Daily Chart

DOGE/USD Medium-term bias: Bearish
On 4 hour chart, the DOGE price is in a downward correction. Since September 8, the crypto corrected upward and has been retesting the resistance at 0.26 to break it. Today, DOGE is retracing as it faces resistance at $0.26. Also, buyers are still likely to break the resistance as per price indicator. Meanwhile, on September 8 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extensions or level $0.28.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE price is above the 50% range of the daily stochastic. It indicates that DOGE is in a bullish momentum but it is contrary to the price action. The 21-day and the 50-day SMA are sloping downward.

General Outlook for Dogecoin
DOGE/USD is in a downward move as price breaks below the moving averages. Since September 7, the altcoin has been in downward correction as price fluctuates between levels $0.23 and $0.26. The market is currently falling approaching the previous low.

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Dogecoin (DOGE) Resumes Uptrend, Revisits the Previous High at $0.34

Dogecoin (DOGE) Resumes Uptrend, Revisits the Previous High at $0.34

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, DOGE/USD is trading at $0.29 as the altcoin attempts to resume an upward move. In the first uptrend, Dogecoin reached a high of $0.34 but was repelled. On the upside, if the crypto resumes an upward move and breaks the resistance at $0.34, the uptrend will resume. Meanwhile, on the August 16 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.0 Fibonacci extensions or level $0.51. The Fibonacci tool if price breaks the resistance at $0.34.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin is at level 55 of the Relative Strength Index period 14. It indicates that the coin is in the uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.


DOGE/USD Medium-term bias: Bullish
On 4 hour chart, the DOGE price is in an upward move. The uptrend is facing resistance at level $030. The coin is likely to rise as price bars are above the moving averages. Meanwhile, on September 2 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extensions or level $0.33.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD is below the 80% range of the daily stochastic. It indicates that DOGE is in a bearish momentum but it is contrary to the price action. The 21-day and the 50-day SMA are sloping downward.


General Outlook for Dogecoin
DOGE/USD is in an upward move but the uptrend is hindered at the resistance at $0.34. Dogecoin will rise to level $0.51 if the resistance is breached. The market is likely to be range-bound if the resistance remains unbroken.



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Polkadot (DOT) Is in a Fresh Uptrend, Faces Rejection at $26.50

Polkadot (DOT) Is in a Fresh Uptrend, Faces Rejection at $26.50

Key Resistance Levels: $60, $62, $64
Key Support Levels: $40,$38,$36

Polkadot (DOT) Price Long-term Trend: Bullish
Today, Polkadot’s (DOT) price has regained bullish momentum as the crypto reach the high of $25.95. In the previous price action, Polkadot declined to the low of $23.47. For the past week, the altcoin has been in a downward move. Nevertheless, the selling pressure has subsided as bulls defended the $24 support. Buyers are attempting to push the DOT price to the previous high of $29.35. However, the bulls are likely to face rejection at the $27 high.

DOT/USD – Daily Chart

Daily Chart Indicators Reading:
DOT price is at level 60 of the Relative Strength Index period 14. The altcoin is in the bullish trend zone and above the centerline 50. The DOT price is above the 50% range of the daily stochastic. It indicates that the market has resumed bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the trend.

Polkadot (DOT) Medium-term Trend: Bullish
On the 4-hour chart, Polkadot has resumed upward move. DOT price has broken above the 21-day SMA as the market resumes upward. Meanwhile, on the August 22 downtrend, a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOT will fall to level 2.618 Fibonacci extension or level $22.22. From the price action, the market has reversed above $24 support.

DOT/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Polkadot is above the 50% range of the daily stochastic. The crypto is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for Polkadot (DOT)
DOT/USD has resumed upward move. The crypto is likely to revisit the previous high. The upward move is facing resistance at the $28.50 high. On August 25, DOT was repelled as it fell to $24 low. Today, the altcoin is facing the same resistance level.


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Dogecoin (DOGE) Plunges to $0.27 Low, Further Selling Pressure Likely

Dogecoin (DOGE) Plunges to $0.27 Low, Further Selling Pressure Likely

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

DOGE/USD Long-term Trend: Bearish
DOGE/USD is in a downward move after two previous rejections. The first rejection is when the altcoin rallied to $0.35 high and the market declined to $0.27 low. The bulls bought the dips to push altcoin upward. DOGE price corrected up to $0.33 and it faced another rejection. After the second rejection, the altcoin resumed a downward move as price approaches the low of $0.26.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
The current bearish trend has broken below the 21-day SMA. A break below the SMAs will accelerate the downward movement of prices. DOGE /USD is at level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

DOGE/USD Medium-term bias: Bearish
On 4 hour chart, the DOGE price is in a downward move as price breaks below the moving averages. Meanwhile, on August 22 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 2.618 Fibonacci extensions or level $0.26.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. It indicates that the selling pressure has subsided. Besides, buyers are likely to emerge in the oversold region. The 21-day and the 50-day SMA are sloping downward.

General Outlook for Dogecoin
DOGE/USD is in a downward move. The market has declined to the low of $0.2760. According to the Fibonacci tool, the market will fall to level 2.618 Fibonacci extensions or level $0.26. Buyers are likely to emerge as the crypto reaches the oversold region of the market.

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Dogecoin (DOGE) Plunges to $0.285 Low, Uptrend Likely

Dogecoin (DOGE) Plunges to $0.285 Low, Uptrend 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
DOGE/USD rallied to $0.35 high on August 15 but faced resistance at the recent high. The altcoin retraced to $0.285 low and resumed an upward move. Meanwhile, on August 15 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.272 Fibonacci extension or level $0.36.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE /USD is at level 63 of the Relative Strength Index period 14. It indicates that the DOGE is in the bullish trend zone and it is capable of rising on the upside. The moving averages are sloping upward indicating the uptrend. Today’s price bars are still above the 21-day SMA and the 50-day SMA which suggest a further upward movement of the crypto.


DOGE/USD Medium-term bias: Bullish
On 4 hour chart, the DOGE price faced rejection at the high of $0.35. The crypto plunged to $0.285 low as bulls bought the dips. Meanwhile, on August 18 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.618 Fibonacci extensions or level $0.39.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD is above the 50% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The moving averages are sloping upward indicating the uptrend. DOGE price will rise as the crypto’s price is above the 21-day and the 50-day SMA.


General Outlook for Dogecoin
DOGE/USD has resumed upward move. In the downtrend, the crypto fell to $0.285 low and resumed an upward move. The upward move depended upon breaking the resistance at $0.36. According to the Fibonacci tool, the market will rise to level 2.618 Fibonacci extensions or level $0.39.

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Dogecoin Rallies As It Continues to Dominate Social Media Trend Charts

Dogecoin Rallies As It Continues to Dominate Social Media Trend Charts

Dogecoin (DOGE) continues to leverage its robust social media presence to claw its way back up to its previous highs. The current DOGE trend/comments on social platforms like Twitter and TikTok have reached significant levels, with the #DogeCointo1Dollar topping trend charts.

Social media has been an instrumental factor for the cryptocurrency since the start of the bull season, which has brought in many investors. Over the months, many social media influencers sank their life savings into Dogecoin based on the craze around it and Elon Musk’s tweets about it. That said, many of these influencers have realized huge dividends from their investments, following a surge to a new ATH in May.

Prominent personalities like Elon Musk and Mark Cuban have acted as key promoters of DOGE. While Musk’s support for the seventh-largest cryptocurrency is not new, Mark Cuban is relatively new to the party and has asserted that it is the “strongest” cryptocurrency for payments.

The billionaire entrepreneur asserted that his comments are not just to hype the crypto-asset but based on proof. He noted that 95% of crypto sales of his merchandise store came in DOGE. Meanwhile, Cuban-owned Maverick’s merchandise stores currently accept Bitcoin and DOGE.

The meme coin now aims at reclaiming the critical $0.50 on-chain resistance before retesting its previous ATH of $0.7390.

Key Dogecoin Levels to Watch — August 16

Dogecoin continues to post decent gains as bulls remain unrelenting in their market campaign. After an 18% jump yesterday, DOGE peaked at the $0.3500 resistance before correcting mildly to the $0.3325 area today.

DOGEUSD – 4-Hour Chart

That said, the cryptocurrency now shows overbought indications on our 4-hour MACD technical tool, suggesting that a sharp correction could be lurking around. Any price correction from the current price should get repelled by the $0.3000 psychological support to a higher level.

Nonetheless, many analysts believe that the current market conditions are not ripe for a correction yet. The coming hours will shed more light on the price dynamics of DOGE.

Meanwhile, our resistance levels are $0.3500, $0.3750, and $0.4000, and our support levels are $0.3250, $0.3000, and $0.2750.

Total Market Capitalization: $2.04 trillion

Dogecoin Market Capitalization: $44.8 billion

Dogecoin Dominance: 2.2%

Market Rank: #7

 

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Dogecoin (DOGE) Uptrend Is Likely as Bulls Battle the $0.28 High

Dogecoin (DOGE) Uptrend Is Likely as Bulls Battle the $0.28 High

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

DOGE/USD Long-term Trend: Bullish
Dogecoin is in the bullish trend zone as price breaks above the downtrend line and the moving averages. The current upward move is facing resistance at the $0.28 high. On August 8, DOGE was repelled at the $0.28 high and the altcoin declined to $0.24 low. Today, the bulls are yet to break the resistance level. A break above the resistance will catapult the coin above $0.36 high. In the meantime, the crypto is falling but the retracement has stopped.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE /USD is at level 67 of the Relative Strength Index period 14. It indicates that the DOGE price is in the downtrend zone and will reach the overbought region at level 70. The 21-day and 50-day SMAs are sloping upward indicating the uptrend. Today’s price bars are still above the 21-day SMA and the 50-day SMA which suggest a further upward movement of the crypto.

DOGE/USD Medium-term bias: Bullish
On 4 hour chart, the DOGE price has retested the $0.28 resistance twice. The crypto’s price is fluctuating below the recent high. Meanwhile, on August 8 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.0 Fibonacci extensions or level $0.37.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Dogecoin is above the 40% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The moving averages are sloping upward indicating the uptrend. DOGE price will rise as the crypto’s price is above the 21-day and the 50-day SMA.


General Outlook for Dogecoin
DOGE upward move is likely. The coin is trading in the bullish trend zone. If the bulls break the $0.28 high, the crypto will rise to $0.36 high. Presently, the price is consolidating below the resistance level to break above it. According to the Fibonacci tool, the market will decline to level 1.272 Fibonacci extensions or level $0.1867

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Dogecoin (Doge) Is a Fluctuating Above $0.19, Further Selling Pressure Is Likely

Dogecoin (Doge) Is a Fluctuating Above $0.19, Further Selling Pressure Is Likely

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

DOGE/USD Long-term Trend: Bearish
After the upward correction, Dogecoin’s (DOGE) price faces rejection at $0.20 high. The altcoin is falling and attempting to break below the previous low at $0.19. A break below the previous low will accelerate the resumption of the downtrend. If the support at $0.19 holds, the uptrend will resume. In the previous price action, the crypto’s price has been consolidating between $0.19 and $0.21 in a tight range.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE /USD is at level 42 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and capable of falling on the downside. The 21-day and 50-day SMAs are sloping southward indicating the downtrend. Today’s price bars have broken above the 21-day SMA.

DOGE/USD Medium-term bias: Bearish
On 4 hour chart, the DOGE price has fallen to $0.19 low. A further downward move is possible if price breaks below the previous low. Meanwhile, on August 4 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will fall but reverse at level 1.272 Fibonacci extensions or level $0.1867. From the price action, the DOGE price is attempting to break below the $0.19 support.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD is above the 25% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD price is nearing bearish exhaustion. According to the Fibonacci tool, the market will decline to level 1.272 Fibonacci extensions or level $0.1867

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Dogecoin (DOGE) Consolidates above $0.19 as Buyers and Sellers Remain Indifference

Dogecoin (DOGE) Consolidates above $0.19 as Buyers and Sellers Remain Indifference

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’s (DOGE) upward move has been stalled below the $0.21 high since July 27. The crypto’s price now consolidates between $0.19 and $0.21 in a tight range. Dogecoin price action is characterized by small body candlesticks called Doji and Spinning tops. These candlesticks indicate that buyers and sellers are in a period of indecision. Presently, the crypto is in a tight range for a possible breakout.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 46 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The 21-day and 50-day SMAs are sloping southward indicating the downtrend. Today’s price bars have broken above the 21-day SMA.

DOGE/USD Medium-term bias: Bearish
On 4 hour chart, the DOGE price is presently in an upward move. The crypto is facing rejection at the recent high which results in the present consolidation. Meanwhile, on July 21 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 2.0 Fibonacci extensions or level $0.26. From the price action, the market is declining to the $0.20 low.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD is above the 40% range of the daily stochastic. It indicates that the coin is in a bullish momentum. The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD price is fluctuating in a tight range. The crypto will resume upward if the $0.21 resistance is breached. According to a Fibonacci tool, the market will rally to the $0.21 high.

You can purchase crypto coins here: Buy Tokens

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

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$100 Min Deposit
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  • The Lowest Trading Costs
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  • Award-winning Cryptocurrency trading platform
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Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
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9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
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$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
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Author : Azeez Mustapha

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Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.