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

19 August 2021 | Updated: 19 August 2021

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.

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

  • 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.

Dogecoin Rallies As It Continues to Dominate Social Media Trend Charts

16 August 2021 | Updated: 16 August 2021

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

 

You can purchase crypto coins here: Buy Tokens

  • 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.

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

12 August 2021 | Updated: 12 August 2021

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

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 result

  • 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.

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

5 August 2021 | Updated: 5 August 2021

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

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

  • 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.

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

29 July 2021 | Updated: 29 July 2021

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

  • 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.

Dogecoin (DOGE) Consolidates Above $0.18, An Upward Move Likely

22 July 2021 | Updated: 22 July 2021

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) has resumed its upward move. DOGE price retested the previous low at $0.1650 as bulls bought the dips. The current bullish momentum is facing resistance at $0.21 high. The upward move will resume if price breaks above the $0.21 high. Meanwhile, on June 25 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 or level $0.36 .

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 39 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 candle is facing resistance at the 21-day SMA.

DOGE/USD Medium-term bias: Bearish
On 4 hour chart, the DOGE price has resumed an upward move as price breaks above the moving averages. The crypto’s price is currently retracing on the downside. Meanwhile, on July 21 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will rise to level 1.618 Fibonacci extensions or level $0.24.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD has declined below the 50% range of the daily stochastic. It indicates that the coin is in a bearish momentum. The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD is now in an upward move. The crypto’s price is retracing after rejection at the $0.21 high. The current retracement will reach the low at $0.17. However, if the resistance $0.21 is breached, the market will reach a high of $0.24.

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

  • 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.

Dogecoin Records Massive Trading Volume in Second Quarter 2021

19 July 2021 | Updated: 19 July 2021

Trading volume for Dogecoin (DOGE) grew by 13 fold in the second quarter of 2021, almost recording $1 billion in daily trading volume.

According to a report by Coinbase reported by Business Insider, the DOGE trading volume spiked by over 1,250% between April and June, with an average of $995 million worth of coins exchanging hands daily. For context, the average trading volume for Dogecoin in Q1 was a measly $74 million on average.

DOGE began the year at $0.004 and recorded the start of its ascent in early February, following a 50% jump in prices when billionaire CEO Elon Musk started campaigning for the meme-coin on Twitter. A massive bull run followed after Musk’s campaigns and culminated in a massive 18,000% price growth since the start of the year.

While many crypto community members have attributed the meteoric rise seen in Dogecoin to Musk’s Twitter-shilling, Business Insider asserts that the cryptocurrency’s thrilling performance would not have occurred without the increased listing of DOGE on top exchanges seen in Q2.

According to the Coinbase report, Q2 also saw global cryptocurrency trading volume spike by 32% overall, recording a daily average of $19 billion. The report also revealed that DOGE accounted for over 5% of the combined crypto volume in Q2.

Key Dogecoin Levels to Watch — July 19

Dogecoin remains under intense bearish pressure under the critical $0.2000 resistance as the crypto market remains in a sideways momentum. The eighth-largest cryptocurrency moved above the $0.2000 resistance following an Elon Musk-induced bullish breakout but got immediately rejected by bears and the 50 SMA.

DOGEUSD – 4-Hour Chart

DOGE needs a break above the $0.2000 level to reestablish a modest bullish momentum. The coming hours and days would be very crucial for the cryptocurrency and the crypto market at large.

Meanwhile, our resistance levels are $0.2000, $0.2250, and $0.2500, and our support levels are $0.1650, $0.1500, and $0.1400.

Total Market Capitalization: $1.29 trillion

Dogecoin Market Capitalization: $23.4 billion

Dogecoin Dominance: 1.8%

Market Rank: #8

 

You can purchase crypto coins here: Buy Tokens

  • 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.

Dogecoin (DOGE) Breaks and Retests the $0.20 Support, Downtrend Likely

15 July 2021 | Updated: 15 July 2021

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) has continued its downward move. The selling pressure resumes after the upward correction was terminated at the $0.29 high. On June 21, the coin has earlier fallen to the low of $0.1650 as bulls bought the dips. The market is falling and revisiting the previous low. On May 12 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 or level $0.11. From the price action, the market has fallen to the low of $0.18. Further downside is likely.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
DOGE price is at level 32 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The crypto is approaching the oversold region at level 30. The 21-day and 50-day SMAs are sloping southward indicating the downtrend. The 21-day SMA acting as resistance to DOGE price.

DOGE/USD Medium-term bias: Bearish
DOGE price has resumed selling pressure after price correction. On the 4 hour chart, DOGE price has broken the previous low, retested it, and resume downward. Meanwhile, on July 9 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 2.0 Fibonacci extensions or level $0.15.

DOGE/USD -4 Hour Chart

4-hour Chart Indicators Reading
DOGE/USD has declined below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. Buyers are likely to emerge to push prices upward. The moving averages are sloping horizontally indicating the sideways trend.

General Outlook for Dogecoin
On the 4-hour chart, DOGE/USD is likely to reach the low of $0.15. Meanwhile, the market has reached the oversold region of the market. The selling pressure is likely to subside.


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

  • 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.

Dogecoin (DOGE) Declines Again after Facing Rejection at the $0.28 High

8 July 2021 | Updated: 8 July 2021

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 in a downward move since May 8. The crypto has fallen from the high of $0.73 to level $0.21. Further downsides are likely. Presently, the DOGE is falling after facing rejection at the $0.28 high. The upward correction could not break the previous high. A breakout at the previous high would have invalidated the current trend. On May 12 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 or level $0.11.

Daily Chart Indicators Reading:
Dogecoin price is at level 36 of the Relative Strength Index period 14. It indicates that the altcoin is in the downtrend zone and below the centerline 50. The crypto is approaching the oversold region at level 30. The 21-day and 50-day SMAs are sloping horizontally indicating the downtrend.

DOGE/USD – Daily Chart

DOGE/USD Medium-term bias: Bearish
On the 4 hour chart, the DOGE price was in upward correction to the high of $28. Buyers could not sustain the bullish momentum above the $28 high. Consequently, the downtrend resumed. Meanwhile, on June 25 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 2.0 Fibonacci extensions or level $0.17.

DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE price is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. Buyers are likely to emerge to push prices upward. The moving averages are sloping horizontally indicating the sideways trend.

General Outlook for Dogecoin
DOGE/USD is likely to further depreciate after facing rejection from the recent high. The current fall may revisit the previous low at $0.17. DOGE has fallen to the low of $0.21 from the high of $0.28.

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

  • 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.

Dogecoin (DOGE) Faces Rejection at $0.26, Consolidates above $0.25 Support

1 July 2021 | Updated: 1 July 2021

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 June 22, DOGE’s price rebounded above $0.16 support but resumed consolidation above $0.22. For the past week, Dogecoin has been fluctuating above the current support. The price action has been characterized by small body indecisive candlesticks. The candlesticks indicate that buyers and sellers are undecided about the direction of the market. On May 12 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 or level $0.23.

DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin price is at level 43 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 horizontally indicating the downtrend.

DOGE/USD Medium-term bias: Bearish
On the 1 hour chart, the DOGE price has reached bearish exhaustion. Meanwhile, on June 30 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that DOGE will fall to level 1.272 Fibonacci extensions or level $0.2383 and reverse.

DOGE/USD – 1 Hour Chart

1-hour Chart Indicators Reading
DOGE is fluctuating below the 80% range of the daily stochastic. It indicates that the coin is in a sideways move. . The moving averages are sloping upward indicating the uptrend.

General Outlook for Dogecoin
DOGE/USD is still in a downward correction. Buyers have to break the resistance at level $0.26 for the resumption of an upward move. In the meantime, the DOGE price is still fluctuating between $0.23 and $0.26 price levels.


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

  • 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.