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Cryptocurrency News Articles
Dogecoin Price Prediction: DOGE Poised For A Major Rally To New All-Time Highs, Analysts Say
Dec 18, 2024 at 09:00 am
Over the past few days, Dogecoin has faced significant volatility, causing the dog-themed meme coin to fluctuate within the $0.411 and $0.38 price ranges.
Dogecoin price analysis reveals a sideways trend with a bullish bias. DOGE is trading above the $0.41 support level. A breakout from this level could lead to a major upward movement toward its current all-time high and beyond.
Dogecoin price faces significant resistance at the $0.44 and $0.46 Fib retracement levels. A breakout from these levels could lead to a further rally toward the $0.5 and $0.54 Fib retracement levels.
On the downside, Dogecoin price finds support at the $0.38 Fib retracement level. A breakout from this level could lead to a deeper sell-off toward the $0.34 and $0.3 Fib retracement levels.
Overall, Dogecoin price analysis reveals a bullish trend with a key resistance at the $0.44 Fib retracement level. A breakout from this level could lead to a major upward movement toward its current all-time high and beyond.
Dogecoin price analysis: DOGE set for a major rally to new all-time highs, technicals reveal
Dogecoin price analysis reveals a sideways trend with a bullish bias. DOGE is trading above the $0.41 support level. A breakout from this level could lead to a major upward movement toward its current all-time high and beyond.
Dogecoin price faces significant resistance at the $0.44 and $0.46 Fib retracement levels. A breakout from these levels could lead to a further rally toward the $0.5 and $0.54 Fib retracement levels.
On the downside, Dogecoin price finds support at the $0.38 Fib retracement level. A breakout from this level could lead to a deeper sell-off toward the $0.34 and $0.3 Fib retracement levels.
Overall, Dogecoin price analysis reveals a bullish trend with a key resistance at the $0.44 Fib retracement level. A breakout from this level could lead to a major upward movement toward its current all-time high and past it.
Dogecoin price analysis: 24-hour chart
Dogecoin price analysis on the 24-hour chart reveals a sideways trend with a bullish bias. DOGE is trading above the $0.41 support level. A breakout from this level could lead to a major upward movement toward its current all-time high and beyond.
DOGE/USD 24-hour chart. Source: TradingView
Dogecoin price faces significant resistance at the $0.44 and $0.46 Fib retracement levels. A breakout from these levels could lead to a further rally toward the $0.5 and $0.54 Fib retracement levels.
On the downside, Dogecoin price finds support at the $0.38 Fib retracement level. A breakout from this level could lead to a deeper sell-off toward the $0.34 and $0.3 Fib retracement levels.
Dogecoin price analysis: 4-hour chart
Dogecoin price analysis on the 4-hour chart reveals a bullish trend. DOGE is trading above the 20-SMA and 50-SMA. A breakout from these levels could lead to a further rally toward the 100-SMA and 200-SMA.
DOGE/USD 4-hour chart. Source: TradingView
Dogecoin price faces resistance at the 100-SMA and 200-SMA. A breakout from these levels could lead to a further rally toward the upper Bollinger Band.
On the downside, Dogecoin price finds support at the lower Bollinger Band. A breakout from this level could lead to a deeper sell-off toward the 20-SMA and 50-SMA.
Dogecoin price analysis: Conclusion
Dogecoin price analysis reveals a bullish trend with a key resistance at the $0.44 Fib retracement level. A breakout from this level could lead to a major upward movement toward its current all-time high and past it.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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