Dogecoin Price Holds Key Support, Analyst Eye $0.162 Rally
The post Dogecoin Price Holds Key Support, Analyst Eye $0.162 Rally appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE), a major meme cryptocurrency, has recently experienced a notable surge in value, sparking interest across trading platforms. Over the past week, DOGE’s price trajectory has consistently risen, defying market corrections and positioning it among the top gainers today. Analysts suggest that DOGE could target an additional price gain, eyeing $0.162, with traders showing increased interest as momentum builds. Analyst Eyes $0.162 For Dogecoin Price Crypto analyst recently shared an X post signaling a potential buying opportunity for Dogecoin on the 4-hour chart. He noted a buy signal using the TD Sequential indicator, indicating a possible trend reversal. Analysts suggested that if DOGE manages to hold above the crucial $0.141 support level, it could trigger a rebound, potentially pushing the price up to $0.162. The TD Sequential indicator has flashed a buy signal on the #Dogecoin 4-hour chart! If $DOGE holds above the $0.141 support, we could see a rebound to $0.162. pic.twitter.com/sYD7O2QcHa — Ali (@ali_charts) November 3, 2024 DOGE Price Soars 8%; Whats Next For Meme Coin? Over the past day, the DOGE price has shown significant upward momentum, rising by 8.28% to $0.1565. The cryptocurrency started the day with a low of $0.1443 and climbed to a high of $0.1599, reflecting a substantial price increase over the 24 hours. Over the past month, the meme coin has surged by more than 44%, indicating a bullish trend. A resurgence in bullish momentum could push the Dogecoin price prediction above the key $0.16 threshold, sparking further investor interest. If the coin breaks this resistance level, it may gain the strength to approach the $0.17 mark. With sustained buying pressure, Dogecoin might see an extended rally beyond $0.2, marking a potential upward trend. The Moving Average Convergence Divergence (MACD) indicator shows a minor bullish inclination. The MACD line remains slightly above…
Filed under: News - @ November 5, 2024 2:27 am