Can Dogecoin (DOGE) Breach $0.6? Expert Links the Memecoin’s Moves to Bitcoin
Potential Bullish Momentum for Dogecoin: Analysts suggest that Dogecoin (DOGE) may experience upward price movement, with technical patterns indicating support at $0.38 and resistance at $0.44, while a target of $0.60 is projected if the bullish scenario is validated.
Correlation with Bitcoin: DOGE's price movements are closely linked to Bitcoin's trends, as it currently tests an ascending triangle pattern, emphasizing the importance of Bitcoin's influence on altcoin prices for potential market shifts.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE) As of , Dogecoin (DOGE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0433 | 0.0617 | 0.082 | 0.1 | 0.121 | 0.139 | 0.159 |
| Fibonacci | 0.0617 | 0.0765 | 0.0856 | 0.1 | 0.115 | 0.124 | 0.139 |
About DOGE
About the author
