| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $105913.0500000000 |
| ETH | $2421.0300000000 |
| BNB | $645.8591500000 |
| XRP | $2.1869200000 |
| ADA | $0.5459092000 |
| SOL | $147.0084000000 |
| DOGE | $N/A |
| DOT | $3.3296700000 |
| LTC | $84.1976000000 |
| LINK | $13.0165100000 |
Category: CRYPTO NEWS
The post Dogecoin’s breakout odds: Traders, watch out for THESE price levels! appeared on BitcoinEthereumNews.com. DOGE’s 50-day MA at $0.37128 meets 0.236 Fib level at $0.36689 – key confluence zone could spark the next major move. Daily active addresses show a 1.55 million peak in November, current stability suggests the smart money accumulation phase. Dogecoin[DOGE] is gaining attention as it nears key resistance levels. It was trading at $0.37076, at press time, with bulls attempting to clear significant resistance. Strong on-chain activity and building price momentum have many investors speculating about a breakout. The popular meme token’s price action and on-chain metrics suggest a complex setup that could determine its next major move. Key levels DOGE must break Dogecoin’s price has been trading near a significant resistance zone at $0.09, which has historically acted as a barrier. The 50-day Moving Average(MA) at $0.37128 currently acts as dynamic resistance, while the 200-day MA at $0.20570 provides long-term support, indicating a strong overall uptrend despite recent consolidation. Source: TradingView DOGE’s price structure reveals critical resistance at the 0.236 Fibonacci level ($0.36689), with the next major hurdle at $0.39879 (0.0 Fib level). It represents the 61.8% and 78.6% levels of its previous price swing. A clean break above these levels could set DOGE on a path toward the next psychological barrier. Momentum indicators signal potential energy build-up The Directional Movement Index (DMI) readings of 18.0543/22.8632/20.5726 suggest a neutral stance, while the Stochastic RSI at 65.95/53.34 indicates room for upside before overbought conditions. This technical setup implies potential energy building for the next significant move, with key resistance at $0.40000 serving as the primary target. Source: TradingView The MACD indicator reflects bullish momentum, with its signal line trending upwards. A divergence from the price at this stage could confirm a breakout, provided DOGE maintains volume support. Network activity shows institutional interest On-chain metrics reveal a substantial spike in daily…
2025-01-17T04:45:09+00:00
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