CandleFocus Dogecoin Now Targeting $0.17 After Retesting at $0.11786
2024-10-01
Author: Content Editor
Despite a setback in the crypto market, Dogecoin remains in a bullish uptrend. The meme coin has seen a weekly gain of 16.95% and is currently trading at $0.1184. There is potential for the price to reach $0.17 as it exhibits a falling wedge breakout rally and shows signs of bullish momentum. Resistance levels are projected at $0.14026, $0.17394, and $0.22008. The MACD and signal lines may experience a bearish crossover, but the intraday recovery suggests a continuation of the bullish trend. On the 4-hour chart, the pullback broke below the 61.80% Fibonacci level but is supported by the 100-day EMA. The dynamic moving averages indicate short-term bullishness, and a rounding-bottom reversal may occur. Critical support levels are at $0.1168 and $0.10528.
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