• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Aiming for $1: Key Resistance and Support Levels

user avatar

by Giorgi Kostiuk

8 months ago


Market analyst Trading Jesus has shown confidence in Dogecoin potentially reaching $1 by mapping out key resistance and support levels.

Current State of Dogecoin

Dogecoin has experienced fluctuations after reaching a significant resistance level. Recently, it faced downward pressure around the $0.44 zone. Prior to this, Dogecoin had a strong bullish run, increasing by 104% over the past week and 247% over the month.

Support and Resistance Levels

According to Trading Jesus’s analysis on TradingView, Dogecoin has established support at $0.34, $0.25, and $0.18. Notably, the $0.34 level has transitioned from a resistance to a support level after a recent breakout.

Prospects and Risks Towards $1

The analyst suggests that if Dogecoin can maintain above $0.34, it could break the $0.44 resistance, potentially moving to $0.56, then to $0.73, and eventually reaching $1. However, current readings from RSI and MACD suggest a continuation of bearish momentum.

Despite current volatility, analyst forecasts hold hope for Dogecoin reaching $1 by the end of 2024.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk

Bit Digital Makes $67.3 Million Ethereum Purchase, Strengthening Its Holdings

chest

Bit Digital invests $67.3 million in Ethereum, raising total holdings to nearly 120,306 coins.

user avatarGiorgi Kostiuk

Block Inc. Joins S&P 500, Replacing Hess Corp.

chest

Block Inc. will replace Hess Corp. in the S&P 500, potentially impacting Bitcoin's acceptance by institutional investors.

user avatarGiorgi Kostiuk

XRP Sets New Record Following Legislative Changes

chest

XRP hit $3.66, surpassing previous records due to increased investor interest and the expected signing of the GENIUS Act.

user avatarGiorgi Kostiuk

MEI Pharma and Litecoin: New $100 Million Treasury Strategy

chest

MEI Pharma has announced a $100 million treasury strategy with Litecoin, led by Litecoin creator Charlie Lee. Market reaction was volatile.

user avatarGiorgi Kostiuk

Merkel Urges for a Cohesive EU Response to US Tariffs

chest

Merkel calls for EU unity in response to US tariffs that may disrupt trade chains.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.