Dogecoin Fails to Sustain Recent Rallies above $0.22, Resumes Upward

Updated:

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

DOGE/USD Long-term Trend: Bearish
On January 19, Dogecoin’s (DOGE) price breaks below the moving averages but resumes upward. Before now, DOGE price has corrected upward as price breaks above the moving averages. On January 14, the altcoin rallied to the $0.21 high. Buyers failed to sustain the bullish move above the moving averages. The selling pressure was overwhelming as the altcoin resumes a downward move. Today, a bullish candlestick is appearing below the moving averages. The crypto is attempting to resume upward. Dogecoin will fall and revisit the previous low at $0.13 if the altcoin faces rejection at the 21-day line SMA.

Dogecoin Fails to Sustain Recent Rallies above $0.22, Resumes Upward
DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Because of the uptrend, DOGE price has risen to level 46 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. DOGE’s price is below the 50-day line SMA and the 21-day line SMA which makes it prone to fall. The moving averages are sloping southward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is in a downward move. The market breaks below the moving averages Meanwhile, on January 15 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 2.0 Fibonacci extension or level $0.16.

Dogecoin Fails to Sustain Recent Rallies above $0.22, Resumes Upward
DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
. DOGE price is above 50% area of the daily stochastic. The altcoin is in a bullish momentum. The 50-day line SMA and the 21-day line SMA are sloping downward indicating the downtrend.

General Outlook for Dogecoin
Dogecoin is in a downward correction and below the moving averages but resumes upward. The crypto’s price is below the moving averages which makes it capable to fall. The altcoin is in a bullish momentum.


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Annual Forecast for Dogecoin (DOGE), 2022

Updated:

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

DOGE/USD Long-term Trend: Ranging
Dogecoin’s (DOGE) price has been in a sideways trend as it shows price stability. During its initial launching, Dogecoin rose to the high of $0.002322 in January 2014. The cryptocurrency slumped to $0.00010 and commenced resumption of upside momentum. Also, in January 2018, it attained a new high of $0.01877 but dropped to $0.00200 low before embarking on a new uptrend. On May 3, DOGE/USD rallied to a high of $0.55 but the upward move could not be sustained. Today, the market has declined to the low of $0.1930 but an upward correction is ongoing.

Annual Forecast for Dogecoin (DOGE), 2022
DOGE/USD – Monthly Chart

Monthly Chart Indicators Reading:
The crypto’s price is below the 21-day SMA and 50-day SMA which makes it prone to fall. The cryptocurrency is below the 20% range of the daily stochastic. It implies that selling pressure is likely to reach bearish exhaustion. Also, the market has reached the oversold region. Buyers are likely to emerge. The 21-day SMA and 50-day SMA are sloping sideways indicating the sideways trend. Dogecoin Price Prediction 2022 looks super bullish. 

DOGE/USD Medium-term bias: Bullish
On the monthly chart, DOGE/USD is in an uptrend as the price bars are above the moving averages but below the $0.40 high. The cryptocurrency has been consolidating above the $0.19 support. Meanwhile, on May 1 uptrend, a retraced candle body tested the 23.6% Fibonacci retracement level. The retracement suggests that DOGE will rise to level 4.236 Fibonacci extension or $3.08.

General Outlook for Dogecoin
DOGE/USD is in a sideways move as it shows price stability. The market will resume an uptrend if the price breaks above the resistance at $0.40. According to the Fibonacci tool analysis, Dogecoin will rally to $3.08 if it regains bullish momentum before the end of the year.

Annual Forecast for Dogecoin (DOGE), 2022
DOGE/USD – Weekly Chart

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Dogecoin Faces Strong Rejection at $0.19, Resumes Downward Correction

Updated:

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 fluctuates and resumes downward correction. The bulls have made two unsuccessful attempts to break above the moving averages but were repelled. On December 14 price spike, the altcoin rallied to $0.22 but was repelled as the market reached the low of $0.16. On December 25, the price action repeated itself but the bulls failed to breach the $0.19 high, hence the selling pressure. Dogecoin now fluctuates between the current support at $0.16 and the overhead resistance at $0.19. On the upside, if the bulls clear the resistance at $0.19 and $0.22, it will signal the resumption of the uptrend. On the downside, a break below the current support will push the altcoin to the low of $0.13.

Dogecoin Faces Strong Rejection at $0.19, Resumes Downward Correction
DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price has fallen to level 38 of the Relative Strength Index for period 14. The market is approaching the oversold region of the market. The crypto’s price is below the 50-day line SMA and the 21-day line SMA which indicates a further downward move.

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price is in a downward move. Meanwhile, on December 13 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 1.272 Fibonacci extension or level $0.11.

Dogecoin Faces Strong Rejection at $0.19, Resumes Downward Correction
DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
. DOGE price is below 20% area of the daily stochastic. The altcoin has fallen to the oversold region. Selling pressure is likely to subside as the market reaches the oversold region. The 50-day line SMA and the 21-day line SMA are sloping downward indicating the downtrend.

General Outlook for Dogecoin
The cryptocurrency is at the bottom of the chart but resumes downward correction.. Presently, the coin is fluctuating above the $0.16 support. The cryptocurrency will resume upward if the current support holds.


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Dogecoin Consolidates Above $0.17 Support, Reaches Bearish Exhaustion

Updated:

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 broken below the 21-day line moving average as it reaches bearish exhaustion. The implication is that sellers will attempt to sink the altcoin further to the downside. DOGE price has fallen to the low of $0.17 and buyers are defending the current support. In the previous price action, the market declined to $0.15 low as bulls bought the dips. The current support is holding as buyers resume an uptrend. Buyers have to push the DOGE price above $0.22 to be out of a downward correction.

Dogecoin Consolidates Above $0.17 Support, Reaches Bearish Exhaustion
DOGE/USD – Daily Chart

Daily Chart Indicators Reading
The crypto’s price is below the 21-day line SMA and the 50-day SMA which indicates a possible fall of prices. DOGE price is at level 42 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. The 21-day line SMA and the 50-day SMA are sloping downward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
Dogecoin is in a downward move and at the bottom of the chart. The altcoin is consolidating above the $0.17 support. Meanwhile, on November 28 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement suggests that DOGE price will fall to level 1.272 Fibonacci extension or level $0.16. From the price action, DOGE price is consolidating above the Fibonacci extension.

Dogecoin Consolidates Above $0.17 Support, Reaches Bearish Exhaustion
DOGE/USD – Daily Chart

Daily Chart Indicators Reading
Dogecoin is above the 25% area of the daily stochastic. The stochastic bands are sloping above the 25% area of the daily stochastic. The bullish momentum has been unstable. The moving averages are sloping downward indicating the downtrend.

General Outlook for Dogecoin
Dogecoin is in a downward move as it reaches bearish exhaustion. The market is consolidating above the $0.17 support for a possible upward move.

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Dogecoin Makes an Upward Correction, Struggles below the $0.20 High

Updated:


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 broken the 21-day line moving average as it struggles below the $0.20 High. The market is rising on the upside to retest the 50-day line moving averages. The cryptocurrency will resume an uptrend if price breaks above the two moving averages. DOGE price may face rejection at the 50-day line SMA which will compel the altcoin to a range-bound move.

Dogecoin Makes an Upward Correction, Struggles below the $0.20 High
DOGE/USD – Daily Chart

Daily Chart Indicators Reading
The current uptrend has pushed the DOGE price to level 47 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. The 21-day line SMA and the 50-day SMA are sloping downward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
Dogecoin has been in a downward move. The selling pressure has been exhausted as price rebounds above the current support. On November 27 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 1.272 Fibonacci extension or level $0.16. From the price action, DOGE price has reversed and it is trading at $0.18.

Dogecoin Makes an Upward Correction, Struggles below the $0.20 High
DOGE/USD – Daily Chart

4-hour Chart Indicators Reading
Dogecoin is above the 30% area of the daily stochastic. It indicates that the market is in a bullish momentum. The moving averages are sloping downward indicating the downtrend.

General Outlook for Dogecoin
The cryptocurrency has resumed an upward move as it struggles below the $0.20 High. Buyers are struggling to break above the moving averages. A break above the moving averages will accelerate price movement.

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Dogecoin Rebounds above $0.15 Support but Faces Rejection at $0.22

Updated:

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 recovered from its downtrend but the bulls failed to sustain the bullish momentum above the moving averages. On December 14, the cryptocurrency rebounded above the $0.15 support and rallied to $0.22 high. However, the DOGE price was resisted at the recent high as it pulled back below the 21-day moving average. After the retracement, a long candlestick wick formed at the recent high. This long candlestick wick indicates that DOGE price has strong selling pressure at higher price levels. Meanwhile, buyers are recouping to resume a fresh uptrend.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Despite the recent price rally, the DOGE price is below the moving averages. It means that it is in the bearish trend zone and capable of falling on the downside.DOGE is at level 44 of the Relative Strength Index for period 14. The altcoin is in the downtrend zone and below the centerline 50. The 21-day line SMA and the 50-day SMA are sloping downward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
DOGE price is in a downtrend but the altcoin has recovered above the current support. However, it is facing rejection at the moving averages. On November 27 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 1.272 Fibonacci extension or level $0.16. From the price action, DOGE price has reversed and it is trading at $0.18.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Dogecoin is above the 50% area of the daily stochastic. It indicates that the market is in a bullish momentum. The moving averages are sloping downward indicating the downtrend.

General Outlook for Dogecoin
Dogecoin’s downward move has ended as altcoin revered above the $0.15 support. The bulls are still struggling to keep the price above the moving averages. A break above the moving averages will signal the resumption of the uptrend.


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Dogecoin Consolidates above $0.17 Support, Uptrend Likely

Updated:

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 is still in a downward correction. Since December 4 price collapse, DOGE price has been holding above the $0.17 support. For the past week, the altcoin has been fluctuating above the current support. Dogecoin’s long candlestick tail is indicating that the support levels below the current support are strong buying pressure levels. The cryptocurrency is likely to resume upward if the altcoin rebounds above the current support.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE is at level 31 of the Relative Strength Index for period 14. DOGE price has reached the oversold region. The selling pressure is likely to end as the altcoin consolidates above the current support. The crypto’s price is below the moving averages indicating the downtrend. The 21-day line SMA and the 50-day SMA are sloping downward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
DOGE price is in a downtrend as price breaks below the moving averages. Meanwhile, on November 27 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 1.272 Fibonacci extension or level $0.16.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Dogecoin is above the 40% area of the daily stochastic. It indicates that the market is in a bullish momentum but it is unstable. The moving averages are sloping downward indicating the downtrend.

General Outlook for Dogecoin
Dogecoin has reached bearish exhaustion as the market declines. The altcoin is consolidating above the $0.17 support for a possible upward move. The price movement is characterized by small body indecisive candlesticks.


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Dogecoin Falls to the Previous Low at $0.19 as It Resumes an Uptrend

Updated:

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 is in a downward move but the selling pressure has reached bearish exhaustion. The cryptocurrency fell to the low of $0.19 as bulls bought the dips. The $0.19 support is crucial because it is the historical price level of August 3 and September 28. Dogecoin has resumed uptrend when price revisits the historical price level of $0.19. The upward move will resume if price holds above the current support. The current bullish move is facing resistance at the $0.22 high.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE is at level 41 of the Relative Strength Index for period 14. The crypto is still in the downtrend zone despite the current bullish move. The 21-day line SMA and the 50-day SMA are sloping downward indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
DOGE price has fallen and reached bearish exhaustion. The altcoin is attempting to resume upward after revisiting the previous low at $0.19. Meanwhile, on November 6 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 2.0 Fibonacci extension or level $0.20.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
Dogecoin is above the 40% area of the daily stochastic. It indicates that the market is in a bullish momentum. The moving averages are sloping downward indicating the downtrend.

General Outlook for Dogecoin
Dogecoin has fallen to the oversold region. The cryptocurrency has also revisited the previous low of $0.19. There is the tendency for an upward movement of the coin. The upward movement will continue if the current resistance is breached.


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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.

Dogecoin Has Fallen Into an Oversold Region at $0.21, Uptrend Likely

Updated:

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 is in a downward move. The cryptocurrency plunged to $0.21 low since November 18. For the past week, the altcoin has been consolidating above the $0.21 support. The $0.21 support was the previous low of October 27. Since October 1, the current support has not been broken. Perhaps, the uptrend will resume if the current support holds.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin has a bearish crossover. That is, the 21-day line SMA crosses below the 50-day SMA indicating the sell signal. DOGE is at level 39 of the Relative Strength Index for period 14. The crypto is still trading in the bearish trend zone.


DOGE/USD Medium-term bias: Bearish
DOGE price is in a downward move. It is falling to revisit the previous low at $0.22. Meanwhile, on October 31 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 1.272 Fibonacci extension or level $0.229.

DOGE/USD – Daily Chart

4-hour Chart Indicators Reading
Dogecoin is below the 20% area of the daily stochastic. It indicates that the market is in a bearish momentum but DOGE has reached the oversold region. Buyers are expected to pushes upward.

General Outlook for Dogecoin
For the past week, Dogecoin has been consolidating above the $0.21 support. The cryptocurrency is likely to resume upward if the current support holds.

You can purchase crypto coins here: Buy Coins


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

  • Broker
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  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
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  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
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9.8

Azeez Mustapha

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.

Dogecoin (DOGE) Approaches $0.22 Low as Bears Overwhelm Bulls

Updated:

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) is now in a downward move. DOGE price has broken below the moving averages as price reached the low of $0.22 and pulled back. The current downtrend was caused by the failure of bulls to keep prices above the $0.30 and $0.34 price levels. Presently the selling pressure has subsided as Dogecoin approaches the previous low .

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price has fallen to level 40 of the Relative Strength Index for period 14. DOGE/USD is in the downtrend zone and below the centerline 50. The cryptocurrency is capable of falling on the downside. The crypto’s price is below the 50-day line SMA and the 21-day line SMA indicating the downtrend


DOGE/USD Medium-term bias: Bearish
DOGE price is in a downward move. It is falling to revisit the previous low at $0.22. Meanwhile, on October 31 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE price will fall to level 1.272 Fibonacci extension or level $0.229.

DOGE/USD – Daily Chart

4-hour Chart Indicators Reading
DOGE price has fallen below the 20% range of the daily stochastic. It indicates that the market has reached bearish exhaustion. The moving averages are sloping southward indicating the downtrend. Buyers are likely to emerge to push prices upward.

General Outlook for Dogecoin
DOGE/USD has fallen to the oversold region. The selling pressure is likely to subside. According to the Fibonacci tool, DOGE price will fall to level 1.272 Fibonacci extension or level $0.229.


You can purchase crypto coins here: Buy Coins


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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Azeez Mustapha

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.