Dogecoin Advances as It Aims for the $0.20 High

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


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 (DOGE) price has risen above the $0.059 support as it aims for the $0.20 high. The price has been fluctuating in a narrow range between $0.056 and $0.066 since August 26. The upward trend has soared to a high of $0.15 today. Buyers are steadfastly protecting the existing support level of around $0.056 on the downside. The rally started as DOGE fell precipitously to a low of $0.055. The bulls are purchasing the dips. Today, the crypto is progressing upward after a minor retracement.

Dogecoin Advances as It Aims for the $0.20 High
DOGE/USD – Daily Chart

Daily Chart Indicators Reading:
Dogecoin has risen significantly to level 89 on the Relative Strength Index for period 14. The implication is that Dogecoin has surpassed the overbought region of the market. There is the likelihood of sellers’ emergence. Because of the price rebound, the moving average lines are making a U-turn indicating the uptrend.

DOGE/USD Medium-term bias: Bullish
On the 4-hour chart, Dogecoin is trading in the bullish trend zone. On October 29 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement implies that DOGE will rise to level 2.0 Fibonacci extension level or $0.20.

Dogecoin Advances as It Aims for the $0.20 High
DOGE/USD – 4 Hour Chart

4-hour Chart Indicators Reading
DOGE has positive momentum and is above the daily Stochastic’s 40% range. The 50-day line SMA is trending upward, indicating an uptrend, while the 21-day line SMA is rising upward.
.

General Outlook for Dogecoin
DOGE/USD has rebounded as it aims for the $0.20 high. The current trend is seriously in the overbought region. Sellers may emerge in the overbought region. In a strong trending market, an overbought condition may not hold.


You can purchase crypto coins here: Buy LBLOCK

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

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.