dogecoin

Dogecoin is currently trading around $0.14, reflecting a 2.6% drop over the past 24 hours. During this time, the price moved between a low of $0.1388 and a high of $0.1449, showing relatively calm short-term price action. Despite the daily decline, Dogecoin maintains a solid market presence with a market capitalization of approximately $23.56 billion, down about 2.65% on the day.

Looking at a broader timeframe, DOGE has posted modest gains. Over the last week, the price is up 0.4%, and over the past two weeks, it has climbed nearly 8.8%. Even with the recent pullback, the $0.139 support level continues to hold, suggesting buyers are still defending this zone.

Can Dogecoin Hold Above $0.139?

On the weekly chart, Dogecoin is trading near $0.1396 but is facing notable resistance. The Parabolic SAR indicator is positioned well above the current price, around $0.257, which signals that upward momentum is limited for now. As long as this indicator remains above price action, a sustained bullish move appears unlikely.

For Dogecoin to regain stronger upside momentum, it would need to push through this resistance. If that happens, the next area to watch would be near $0.15, a level that has previously capped rallies. Breaking above $0.15 could open the door for a move toward $0.16 or potentially higher.

Could Dogecoin Reach $9?

Some analysts remain optimistic about Dogecoin’s long-term potential. Trader Tardigrade, a well-known commentator on X, pointed out that DOGE’s Relative Strength Index has recently pulled back in a way that mirrors past market cycles. On the two-week chart, the RSI previously surged into overbought territory, formed two peaks, then corrected before rebounding strongly.

According to this historical pattern, the current RSI retracement could be setting the stage for a much larger move if momentum builds again. While a $9 price target is highly ambitious, proponents of this view believe similar setups in the past have preceded major rallies.

#DOGE #Dogecoin $DOGE

#Dogecoin faces resistance, but analysts predict a potential surge if key indicators align.
Dogecoin (DOGE) changes hands at $0.14 during this press, a 2.6% decline over the last 24 hours. The price has hit a low of $0.1388 and a high of $0.1449 during this period, indicating relatively moderate volatility in the short term. With a market cap of $23.56 billion, down 2.65% today, Dogecoin continues to hold a strong position in the market, despite the recent dip.
Over the past 7 days, DOGE has seen a slight increase of 0.4%, while in the last 14 days, it has gained 8.8%. Despite the recent pullback, Dogecoin’s support level of $0.139 appears to be holding steady. If DOGE can maintain its position above this lower end of the daily range, it may be poised for a recovery in the coming days. Will DOGE recover?
Can Dogecoin Hold $0.139?
The 1-week chart analysis for Dogecoin shows that while the price is currently at $0.1396, it faces significant resistance as the Parabolic SAR sits above the price action at $0.257. This placement suggests that DOGE’s upward movement faces limitations at the moment, and for further gains, the price will need to reach and break through the SAR level.

The indicator’s presence above the price line indicates that a bullish continuation is unlikely until this resistance gives way. If Dogecoin can break this level, the next key resistance to test would be around the $0.15 level, which had previously capped upside moves. A successful breach of this level could pave the way for further upward momentum, potentially pushing DOGE toward $0.16 or higher.
Elsewhere, the MACD histogram and line provide additional insights, as the MACD line is still below the signal line, suggesting that momentum is still bearish. The histogram remains red, further confirming the current lack of buying strength. 
For DOGE to experience a strong rally, the MACD line must cross above the signal line, and the histogram must turn green, signaling a shift towards positive momentum. Without these key technical indicators aligning, DOGE’s price may continue to face downward pressure, possibly testing levels like $0.11. 
Can Dogecoin go to $9?
On the social media commentary side, Trader Tardigrade, an analyst on X, highlighted that Dogecoin’s RSI has recently retraced, setting the stage for a potential massive surge. As seen in the 2-week chart, the RSI has followed a similar pattern to previous cycles.

Previously, it first surged to overbought levels, then formed two consecutive peaks, followed by a retracement to lower levels, and then rebounded.
If this formation works out, it may lead to a substantial upward movement for DOGE, potentially reaching levels like $9. To reach a price of $9 from the current price of $0.14, Dogecoin would need to increase by approximately 6328%.
#CryptoNewss