• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
Dogecoin (DOGE)

Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1?

jamesobande by jamesobande
5 months ago
in Technical analysis
Reading Time: 2 mins read
Advertisement
  • DOGE’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $0.1.
  • DOGE faces a major test to trend higher above $0.1 after the price broke out of its long-range price movement.
  • DOGE’s price remains strong above the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area of $0.1.

The price of Dogecoin (DOGE) has remained strong after breaking out of its long-range with good volume as it aims to capture the region of $0.1. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement. This new relief rally in the crypto market has benefited smaller coins such as DogeCoin (DOGE), which has rallied from its downtrend movement to a range high of $0.055 to $0.07 as price attempts to rally higher. (Data from Binance)

Related Reading: Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says

Dogecoin (DOGE) Price Analysis On The Weekly Chart.

Although many altcoins have struggled to trend in a range market, the price of DOGE has seen more of a downtrend move as the price of DOGE dropped from a high of $0.7 to a weekly low of $0.055, seeing more than an 80% decline in its price.

DOGE’s declined from an all-time high of more than $0.7 to a region of $0.15 before rallying to a high of $0.35; the price of DOGE faced further rejection to its price to a range low of $0.23 where it formed weak Support to hold sell-offs, but this proved to be abortive as price saw a constant decline. 

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The price of DOGE dropped to a weekly low of $0.055 as the price bounced immediately, forming a price range in an attempt to break out.

With the market looking more promising, we could see the price of DOGE rally to a high of $0.1 with good volume, where the price could face resistance to trend higher.

Weekly resistance for the price of DOGE – $0.1.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Weekly Support for the price of DOGE – $0.07.

Price Analysis Of DOGE On The Daily (1D) Chart

Daily DOGE Price Chart | Source: DOGEUSDT On Tradingview.com

In the daily timeframe, the price of DOGE remains strong and trades above the key Support formed at $0.066 after the price broke out of its range-bound channel with good volume. 

The price of DOGE needs to hold above 50 EMA, acting as a strong support for the price of DOGE. The price of $0.062 corresponds to the value of 50 EMA, acting as Support for the price to trend higher to a region of $0.1.  The volume for DOGE indicates strong uptrend momentum as buyers dominate the market.

Daily resistance for the DOGE price – $0.1.

Daily Support for the DOGE price – $0.066-$0.062.

Related Reading: Bitcoin Bollinger Band Breakout Starts To Squeeze Shorts | BTCUSD Analysis October 26, 2022
Featured Image From AMBCrypto, Charts From Tradingview 
Tags: dogeDoge priceDogecoin
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Related Posts

BNB

BNB Price Surges Over 20% in a Week And Rally Seems Far From Over

3 hours ago
Ethereum

Ethereum Price Seems Ready For Another Leg Higher Over $1,750

3 hours ago
Bitcoin

Bitcoin Price Restarts Rally As The Bulls Target New Monthly High

5 hours ago
Solana vs Cardano

Cardano Vs Solana: Which Is The Better Investment For The Next Bull Market?

9 hours ago
bitcoin price mark up wyckoff

This Bitcoin Wyckoff Schematic Says Massive Price Mark Up Comes Next

16 hours ago
Ripple (XRP)

XRP Price Prediction: Topside Bias Vulnerable Unless It Surges Past $0.38

24 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Circle Launching USDC Blockchain on Cosmos (ATOM) – Avorak AI Skyrockets 75% Into Phase Two

March 16, 2023

Gridex Protocol’s Native Token, GDX, Surges by Over 422% in 24 Hours After Listing on D5 Exchange

March 16, 2023

5 Best New Cryptocurrencies March 2023

March 16, 2023

The Sandbox (SAND) Announces New Partnership, Orbeon Protocol (ORBN) Presale Price Surges And HEX (HEX) Shows Green

March 16, 2023

Cryptocurrencies Price Prediction: Solana (SOL), Aptos (APT) & TMS Network (TMSN)

March 16, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.