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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 Prediction: DOGE Poised For A Major Rally To New All-Time Highs, Analysts Say

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.

News source:bitcoinist.com

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Other articles published on Dec 18, 2024