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Dogecoin price prediction: has DOGE already hit the bottom?



 Dogecoin price could now climb around 24% if DOGE breaks this resistance. Has the DOGE course already bottomed out?


Dogecoin price bounces off Golden Ratio support multiple times

For weeks, the DOGE price has been moving between the 50-day EMA resistance at around USD 0.07 and the golden ratio support at around USD 0.06. The Dogecoin price has been rejected several times at the 50-day EMA and has bounced off the golden ratio support twice so far. Now the Dogecoin price is again at the 50-day EMA and should Dogecoin bullishly break the price range between USD 0.07 and USD 0.079, the next significant Fibonacci resistance is waiting for DOGE at around USD 0.098.


Additionally, MACD histogram is ticking bullish higher and MACD lines are crossed bullishly. The RSI is neutral and gives neither bullish nor bearish signals.


The DOGE price could now rise around 24%


On a break of the horizontal resistance between USD 0.073 and USD 0.079, the DOGE price could still climb around 24% until it hits the 0.382 Fib resistance at around USD 0.098. If DOGE also breaks this resistance, the 200-day EMA is still waiting at around USD 0.1 before DOGE could rise to the golden ratio at around USD 0.13.


In addition, the MACD in the weekly chart is clearly bullish, because the histogram has been ticking bullishly higher for several weeks and the MACD lines are also bullishly crossed. In fact, the Dogecoin price could have already bottomed out at around USD 0.05, because in the short to medium term it looks bullish for the Dogecoin price.


At around USD 0.087, resistance is still waiting for the DOGE course

However, before the DOGE price reaches the Fib resistance at around USD 0.098, horizontal resistance at around USD 0.087 is still waiting for it.


Otherwise, the histogram in the monthly chart has been ticking bullishly higher since last month, which indicates a bullish trend reversal. However, the MACD lines are still bearishly crossed and the RSI is neutral.


For a fully bullish trend reversal, DOGE price must bullishly break the golden ratio around $0.5. Only then is a new all-time high possible.


Against BTC, DOGE price bounced off the 50-month EMA

Against BTC, DOGE price bounced off the 50-month EMA at around 0.00000227 BTC two months ago. In addition, the histogram has been ticking bullishly higher so far this month. However, the MACD lines remain bearishly crossed.


The DOGE course encounters the next significant Fibonacci resistance at the Golden Ratio at around 0.000004 BTC. For this, however, the DOGE course must first break through the 50-day EMA at around 0.000003 BTC.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

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