Will Dogecoin build on its intraday 6% surge to finish the year strong?

2022-12-23 12:28

Dogecoin rose 6% on Friday, with a slight increase in trading volume

The cryptocurrency is moved by the slightest of positive news

DOGE is still bearish unless bulls reclaim $0.09

Investors are not yet done with Dogecoin (DOGE/USD). The cryptocurrency traded up 6.50% on Friday to erase some of the losses it had amassed in the past weeks. The token’s trading volume was slightly up at 157%, indicating that buyer interest was back. But is this enough to make DOGE mount a comeback?

It could be too early to conclude since DOGE already lost a key level at $0.09. I consider this crucial resistance the key litmus test if DOGE bulls have to have the final say on price at year-end. 

There is no harm in lauding DOGE to finish the year strong, but you just need to trim the expectations. This is a cryptocurrency that makes a strong statement at the slightest wind of a positive fundamental. Who knows what DOGE father Elon Musk holds for the Santa holiday and new year?

But as the name meme suggests, DOGE is a cryptocurrency that rarely goes beyond its joke label. So, maintaining expectations low towards the year-end can keep you optimistic before the next bull run. Below are the levels to watch for price action should DOGE build on the bull move.

DOGE price outlook and analysis

DOGE/USD Chart by TradingView

On the daily chart, DOGE initiated a comeback at the $0.07 bottom. That is underlined by a rise in the buy-side volumes. The trading volume is still low to consider a possible parabolic movement for the cryptocurrency’s price. 

The RSI has slightly improved from a near-bottom zone. It still remains below the midpoint, indicating bear control. 

What next for DOGE?

DOGE price could maintain the current surge, although this will likely be in the short term. The next resistance lies at $0.09, although bear pressure could force a correction before this zone. $0.09 and $0.10 are the levels to watch in the bull scenario.

Where to buy DOGE

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The post Will Dogecoin build on its intraday 6% surge to finish the year strong? appeared first on CoinJournal.

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Dogecoin (DOGE) на Currencies.ru

$ 0.3256 (-0.69%)
Объем 24H $1.749b
Изменеия 24h: -0.77 %, 7d: -6.59 %
Cегодня L: $0.3255 - H: $0.3315
Капитализация $48.14b Rank 8
Цена в час новости $ 0.0781277 (316.75%)

dogecoin doge bearish unless positive bulls still

Источник: coinjournal.net

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Dogecoin готовится к росту? Илон Маск заявил, что пора использовать DOGE по-крупному

Назначение Маска в новый департамент 2024 год стал прорывным для Dogecoin (DOGE). Мем-коин обновил трехлетний максимум, а также стал символом новой инициативы избранного президента США Дональда Трампа — Департамента правительственной эффективности (D.

2024-12-30 15:19


Илон Маск вновь пропампил Dogecoin

Всего одним твитом Илон Маск снова взбудоражил комьюнити Dogecoin. За 24 часа мемкоин DOGE взлетел уже более чем на 14% и, возможно, не остановится в ближайшее время. Разбираемся, что происходит с курсом Dogecoin (DOGE) и ждать ли от мемкоина обновления локальных максимумов.

2024-10-30 19:11


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Dogecoin’s $DOGE spent most of August in a narrow $0.10 channel, but in the last week, a breakout was attempted, and it rose by 8.5% to a $0.114 peak.  Yesterday, Twitter analyst Ali Charts told and shared a chart with his 70k followers that Dogecoin’s price shows a bullish divergence against the Relative Strength Indicator […] The post Is Dogecoin Dead? This Sign Suggests a Potential DOGE Price Rebound Is On The Horizon appeared first on CaptainAltcoin.

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