Can DOGE Hit $0.35 This Week?
The post Can DOGE Hit $0.35 This Week? appeared on BitcoinEthereumNews.com. Dogecoin (DOGE) price has roared back into the spotlight, surging nearly 70% in just three weeks. But is this rally sustainable—or is it heading for a correction? Let’s dive deep into the Dogecoin price chart and RSI signals to find out. We had already predicted that Dogecoin price could be on the verge of a good rally. Dogecoin Price Prediction: Why Is DOGE Price Going Up? DOGE/USD Daily Chart- TradingView Dogecoin price has climbed from a low near $0.155 in early July to a high of $0.274 in just over 20 days, marking an approximate 76% increase. This explosive move is backed by strong green Heikin Ashi candles, signaling consistent bullish momentum. The recent breakout above the $0.21–$0.23 resistance zone has triggered FOMO among retail investors and possibly some institutional traders looking to ride the momentum. This move is likely influenced by speculative market enthusiasm, broader altcoin recovery, and growing Dogecoin network activity (as reported by on-chain trackers). But the real story is told by the technicals. What Do the Charts Reveal? The Heikin Ashi chart shows uninterrupted bullish candles since July 7, indicating a very strong trend. There’s no sign of upper wick exhaustion yet, suggesting the uptrend might not be over. The DOGE price cleanly broke out of the previous Fibonacci resistance at $0.236 and has now reached just above $0.266. This level corresponds to the 1.618 Fibonacci extension from the $0.15–$0.23 rally base. Fibonacci Extension Calculations: Swing Low: $0.155 Swing High: $0.234 Extension = High + (High – Low) * 1.618 Extension Target = $0.234 + ($0.234 – $0.155) * 1.618 = $0.234 + 0.1277 ≈ $0.3617 This implies $0.36 could be a realistic short-term target if momentum continues. Is RSI Suggesting Overbought Conditions? The RSI (Relative Strength Index) is currently at 80.56, which is well into…
The post Can DOGE Hit $0.35 This Week? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) price has roared back into the spotlight, surging nearly 70% in just three weeks. But is this rally sustainable—or is it heading for a correction? Let’s dive deep into the Dogecoin price chart and RSI signals to find out. We had already predicted that Dogecoin price could be on the verge of a good rally. Dogecoin Price Prediction: Why Is DOGE Price Going Up? DOGE/USD Daily Chart- TradingView Dogecoin price has climbed from a low near $0.155 in early July to a high of $0.274 in just over 20 days, marking an approximate 76% increase. This explosive move is backed by strong green Heikin Ashi candles, signaling consistent bullish momentum. The recent breakout above the $0.21–$0.23 resistance zone has triggered FOMO among retail investors and possibly some institutional traders looking to ride the momentum. This move is likely influenced by speculative market enthusiasm, broader altcoin recovery, and growing Dogecoin network activity (as reported by on-chain trackers). But the real story is told by the technicals. What Do the Charts Reveal? The Heikin Ashi chart shows uninterrupted bullish candles since July 7, indicating a very strong trend. There’s no sign of upper wick exhaustion yet, suggesting the uptrend might not be over. The DOGE price cleanly broke out of the previous Fibonacci resistance at $0.236 and has now reached just above $0.266. This level corresponds to the 1.618 Fibonacci extension from the $0.15–$0.23 rally base. Fibonacci Extension Calculations: Swing Low: $0.155 Swing High: $0.234 Extension = High + (High – Low) * 1.618 Extension Target = $0.234 + ($0.234 – $0.155) * 1.618 = $0.234 + 0.1277 ≈ $0.3617 This implies $0.36 could be a realistic short-term target if momentum continues. Is RSI Suggesting Overbought Conditions? The RSI (Relative Strength Index) is currently at 80.56, which is well into…
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