DeFi Daily News
Sunday, July 13, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Markets Analysis

Dogecoin (DOGE) Fails to Hold Support, But Bulls Remain Resilient

Aayush Jindal by Aayush Jindal
September 26, 2024
in Analysis
0 0
0
Dogecoin (DOGE) Fails to Hold Support, But Bulls Remain Resilient
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article

Dogecoin recently attempted to break above the $0.1120 mark against the US Dollar but faced resistance, leading to a correction in its gains. However, DOGE bulls remain active around the $0.1080 level and are poised to push the price higher once again.

Currently, DOGE price is looking to break out above the $0.1120 level and is trading above $0.1080 along with the 100-hourly simple moving average. A notable development was the break below a crucial bullish trend line with support at $0.1090 on the hourly chart of the DOGE/USD pair sourced from Kraken.

If DOGE manages to clear the resistances at $0.1100 and $0.1120, it could potentially start another upward movement.

Dogecoin Price Eyes Upside Break

Dogecoin’s price saw an extension of its gains above the $0.1100 resistance zone, reaching above $0.1110 before facing selling pressure. The subsequent downside correction was in line with the movements seen in Bitcoin and Ethereum.

The price dipped below $0.1100 and $0.1095 levels, breaking the 23.6% Fib retracement level of the upward move from $0.1037 to $0.1111. Additionally, the breach of the bullish trend line support at $0.1090 on the hourly chart indicated a shift in momentum.

Bulls stepped in near $0.1075 to defend the 50% Fib retracement level, helping DOGE maintain its position above $0.1080 and the 100-hourly simple moving average.

The immediate resistance for DOGE lies near $0.1095, with a major obstacle at $0.1120. Surpassing this level could propel the price towards $0.1132, $0.1150, and potentially even $0.1200.

More Losses In DOGE?

If DOGE fails to break above $0.1095, a downside movement could ensue, with initial support at $0.1080 and a significant support level near $0.1065. The main support stands at $0.1050, and a breach could result in further decline towards $0.1000 or even $0.0950.

Technical indicators show the hourly MACD losing momentum in the bullish zone while the hourly RSI is below the 50 level.

Major support levels for DOGE are at $0.1065 and $0.1050, with major resistances at $0.1095 and $0.1120.

Make sure to stay updated with the latest trending news articles by visiting DeFi Daily News for more insights into the world of cryptocurrency and decentralized finance.

In conclusion, while Dogecoin faced resistance near $0.1120, the support around $0.1080 and the 100-hourly moving average signal a potential upside break. The upcoming price action will determine whether DOGE can surpass key resistance levels and continue its upward trajectory. Stay tuned for more updates and keep an eye on the technical indicators to gauge the market sentiment accurately.



Source link

Tags: BullsdogeDogecoinfailsHoldremainResilientSupport
ShareTweetShare
Previous Post

eToro Boosts Long-Term Savings Portfolio by Acquiring Spaceship in Agreement Valued at Up to $80 Million AUD

Next Post

London Welcomes the UK’s First AI-Powered Classroom without Teachers – Metaverseplanet.net

Next Post
London Welcomes the UK’s First AI-Powered Classroom without Teachers – Metaverseplanet.net

London Welcomes the UK's First AI-Powered Classroom without Teachers - Metaverseplanet.net

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
rewrite this title with good SEO Ripple CEO Drops Bomb On Stablecoin Market, Is RLUSD The Savior? | Bitcoinist.com

rewrite this title with good SEO Ripple CEO Drops Bomb On Stablecoin Market, Is RLUSD The Savior? | Bitcoinist.com

July 12, 2025
rewrite this title Memecoin platform PumpFun concludes one of the fastest ICOs, raising 0M in 12 minutes

rewrite this title Memecoin platform PumpFun concludes one of the fastest ICOs, raising $600M in 12 minutes

July 12, 2025
rewrite this title Infantino acknowledges World Cup weather concerns as Fernandez demands change – Soccer News

rewrite this title Infantino acknowledges World Cup weather concerns as Fernandez demands change – Soccer News

July 12, 2025
rewrite this title Two computers, one keyboard – it’s claimed this 8K docking station can replace every hub on your desk

rewrite this title Two computers, one keyboard – it’s claimed this 8K docking station can replace every hub on your desk

July 12, 2025
rewrite this title XRP Price Forecast: Wall Street Quietly Buying Up XRP Ahead Of Predicted ETF Approval Explosion

rewrite this title XRP Price Forecast: Wall Street Quietly Buying Up XRP Ahead Of Predicted ETF Approval Explosion

July 12, 2025
rewrite this title As Bitcoin Matures, Volatility Drops—So Expect Slower Climbs, Say Experts – Decrypt

rewrite this title As Bitcoin Matures, Volatility Drops—So Expect Slower Climbs, Say Experts – Decrypt

July 12, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.