Dogecoin price has jumped 24.57% in 8 consecutive bullish candles. DOGE surged 62.64% from its recent low of $0.08049 on August 5th. The price action completed a rounding-bottom reversal after surpassing $0.1282. MACD shows a positive crossover with growing momentum and bullish histograms. The 50-day EMA uptick increases the likelihood of a golden crossover soon. Dogecoin social activity spiked to a 12-month high, with dominance increasing by 1.55%. DOGE faces resistance at $0.14, resulting in a long-wicked intraday candle. The uptrend has surpassed the 23.60% and 38.20% Fibonacci levels. The next price targets are $0.14404 at the 50% Fibonacci level and $0.1591 at 67.80%. DOGE may reach $0.1835 if the bullish trend continues with broader market recovery. Key support levels stand at $0.1151 and $0.10 psychological mark. Market sentiment remains bullish at 84%, despite a 10% decline.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.