NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bulls In Control, Dogecoin Eyeing Additional Short Term Gains?

anushsamal
anushsamal
3 years ago
2 mins read
Dogecoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Dogecoin has been flashing bullish signs on its short term chart. The coin is currently trading laterally. Over the past week, DOGE registered 7% appreciation. The meme-coin has stabilised on the $0.06 support line. The key support level for the coin stood at $0.064.

For DOGE to continue on a bullish path, demand for the coin has to remain in the positive. On the four hour chart, Dogecoin is targeting the $0.07 level. Although buying strength is still in the positive, there has been a minor decline in the buying pressure on the short term chart.

If buying strength declines, then a pullback is in order for the meme-coin. Bulls will lose steam if the coin does not manage to trade above the $0.064 level for a considerable period of time. With Bitcoin’s price showing signs of upward movement, altcoins are also registering relief on their charts.

The global cryptocurrency market cap today is $997 Billion with a 1.7% positive change in the last 24 hours.

Dogecoin Price Analysis: Four Hour Chart

Dogecoin
Dogecoin was priced at $0.069 on the four hour chart | Source: DOGEUSD on TradingView

DOGE was trading at $0.069 at press time. The coin has mostly registered sideways trading but has managed to slowly gain over the past weeks. Buyers currently outnumber sellers but if Dogecoin doesn’t move past the $0.070 mark, buying strength might lose momentum.

This may cause DOGE to revisit the $0.047 support level. If Dogecoin moves above the $0.070 resistance mark  and trades there for a substantial period of time then a jump to $0.094 might be possible. The amount of DOGE traded in the last session declined considerably signifying a fall in selling pressure which remains a sign of bullishness.

Technical Analysis

Dogecoin
Dogecoin displayed positive buying strength on the four hour chart | Source: DOGEUSD on TradingView

With price of the coin increasing steadily the demand for Dogecoin also moved on an upward trajectory. In accordance with the increased buying strength, the Relative Strength Index was pictured above the half-line.

This reading signified positive buying strength and bullish price action, however, a small downtick on the indicator was noted. Moving Average Convergence Divergence depicts price momentum. MACD underwent a bullish crossover and flashed green signal bars. These green signal bars suggested buy opportunities.

Related Reading | Dogecoin Has Formed A Bullish Reversal Pattern, What’s Next?

Dogecoin
Dogecoin portrayed less chance of price volatility on the four hour chart | Source: DOGEUSD on TradingView

DOGE’s price action is headed in a bullish way but as the coin laterally traded for sometime, it reflected on the indicator seen on the above chart. Bollinger Bands are tied to depicting chances in price fluctuation. Bollinger Bands opened up slightly however, it was mostly parallel suggesting that price of the coin might not undergo heavy movement.

The Directional Movement Index indicates price trend and the strength of the same. DMI was positive as the +DI line (Blue) was above the -DI line (Orange).

Average Directional Index (ADX) rose above the 20-mark, which represented that the current price trend was gaining momentum on the chart.

This indicated that Dogecoin could log short term gains over the upcoming trading sessions.

Related Reading | Dogecoin Adds $1 Billion To Its Market Cap Folllowing Elon Musk’s ‘Boring Company’ Announcement

Featured image from Unsplash.com, chart from TradingView.com

 

Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

$122,000 And Climbing: Bitcoin Sets New Record As ETFs Drive Demand

Bitcoin rose above the $122,000 mark on Monday. According to data from CoinGecko, prices briefly topped that level before pulling...

Christian Encila 4 hours ago
Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth

Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth

Ethereum has broken out above the $3,000 level, reaching its highest price since late January and signaling a strong resurgence...

Sebastian Villafuerte 5 hours ago
비트코인 12만 돌파... 99비트코인 보고서가 짚은 '2025 상승장의 핵심 동력'

비트코인 11만 돌파… 99비트코인 2분기 보고서가 짚은 ‘2025 상승장의 핵심 동력’

2025년 들어 암호화폐 시장이 가파른 상승세를 보이는 가운데 투자자와 업계의 관심이 다시 한 번 비트코인과 주요 디지털 자산에 집중되고 있다. 이러한 흐름 속에서 99비트코인은 ...

Soyeon Lee 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top

Scott Matherson 13 minutes ago
Cardano price news

Cardano Flashes Major Buy Signal—$1.90 Target Unleashed

Jake Simmons 1 hour ago
Bitcoin

Delay In Bull Market Could Push Bitcoin Higher Than Expected

Sandra White 2 hours ago

Premium Sponsors

Press Releases

  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 достъпни криптовалути с...

    3 hours ago
  • Aceste 3 monede sub 5 lei ar putea transforma o investiție de 1.000 RON în 10 milioane RON până în 2027

    2 megfizethető kriptó 9000%-os potenciállal, olyan...

    4 hours ago
  • 2 cenovo dostupné kryptomeny s potenciálom 9 000 %, podobne ako kúpa Etherea za 8 dolárov začiatkom roku 2017

    2 cenovo dostupné kryptomeny s potenciálom 9 000 %...

    5 hours ago
  • Bitcoin Hyper

    ...

    8 hours ago
  • BTC breaks through $122,300, GoldenMining users earn...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.