Will Dogecoin build on its intraday 6% surge to finish the year strong?

2022-12-23 12:28

Dogecoin rose 6% on Friday, with a slight increase in trading volume

The cryptocurrency is moved by the slightest of positive news

DOGE is still bearish unless bulls reclaim $0.09

Investors are not yet done with Dogecoin (DOGE/USD). The cryptocurrency traded up 6.50% on Friday to erase some of the losses it had amassed in the past weeks. The token’s trading volume was slightly up at 157%, indicating that buyer interest was back. But is this enough to make DOGE mount a comeback?

It could be too early to conclude since DOGE already lost a key level at $0.09. I consider this crucial resistance the key litmus test if DOGE bulls have to have the final say on price at year-end. 

There is no harm in lauding DOGE to finish the year strong, but you just need to trim the expectations. This is a cryptocurrency that makes a strong statement at the slightest wind of a positive fundamental. Who knows what DOGE father Elon Musk holds for the Santa holiday and new year?

But as the name meme suggests, DOGE is a cryptocurrency that rarely goes beyond its joke label. So, maintaining expectations low towards the year-end can keep you optimistic before the next bull run. Below are the levels to watch for price action should DOGE build on the bull move.

DOGE price outlook and analysis

DOGE/USD Chart by TradingView

On the daily chart, DOGE initiated a comeback at the $0.07 bottom. That is underlined by a rise in the buy-side volumes. The trading volume is still low to consider a possible parabolic movement for the cryptocurrency’s price. 

The RSI has slightly improved from a near-bottom zone. It still remains below the midpoint, indicating bear control. 

What next for DOGE?

DOGE price could maintain the current surge, although this will likely be in the short term. The next resistance lies at $0.09, although bear pressure could force a correction before this zone. $0.09 and $0.10 are the levels to watch in the bull scenario.

Where to buy DOGE

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy DOGE with eToro today Disclaimer

The post Will Dogecoin build on its intraday 6% surge to finish the year strong? appeared first on CoinJournal.

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.1432 (+0.51%)
Объем 24H $1.198b
Изменеия 24h: -4.68 %, 7d: -6.89 %
Cегодня L: $0.1425 - H: $0.1482
Капитализация $23.143b Rank 9
Цена в час новости $ 0.0781277 (83.29%)

dogecoin doge bearish unless positive bulls still

Источник: coinjournal.net

dogecoin doge → Результатов: 126


Is DOGE dead? why 50% analysts think it will fall 80% in 2026 as altcoins with real utility capture attention

The debate around Dogecoin’s downfall has returned, with nearly half of analysts forecasting that the meme coin could lose as much as 80% of its value by 2026. Despite hype surrounding a U.S. DOGE ETF and whale accumulation, experts argue that Dogecoin’s lack of fundamentals will make it difficult to compete with upcoming PayFi tokens, […]

2025-9-11 13:27


Dogecoin (DOGE) rises to $0.2257 with a 44% monthly surge but analysts say this token will bring much higher gains to early investors in 2025

Dogecoin (DOGE), the widely celebrated meme cryptocurrency, has seen an impressive 45% gain over the past month, currently trading at $0. 2404. This increment has captured significant attention from the crypto community, driven by heightened whale activity and bullish market sentiment.

2025-5-24 22:00


Dropping Dogecoin From Crypto Holdings? Coldware Completes 91% Of Presale Stage 1

Dogecoin (DOGE), once the poster child of meme-driven investing, is back in the headlines with analysts forecasting a potential 120% rally in April 2025. While that sounds promising on paper, many investors aren’t convinced it will be enough to keep Dogecoin (DOGE) relevant—especially with newer, utility-first projects like Coldware (COLD) quickly gaining traction.

2025-4-2 21:00


Dogecoin (DOGE) unlikely to hit $2, but $1.4 is within reach; Mutuum Finance (MUTM) gears up for 23401% surge in just  3 months

Dogecoin (DOGE) is the long-time favorite meme coin, captivating investors with its huge returns. Dogecoin is currently at $0.26, a modest increase of 0.15% from the previous close. While the $2 for Dogecoin dream remains on people’s tongues, all analyses point to a more viable target in the form of $1.4. This prediction is being […]

2025-3-4 22:15


Фото:

Dogecoin готовится к росту? Илон Маск заявил, что пора использовать DOGE по-крупному

Назначение Маска в новый департамент 2024 год стал прорывным для Dogecoin (DOGE). Мем-коин обновил трехлетний максимум, а также стал символом новой инициативы избранного президента США Дональда Трампа — Департамента правительственной эффективности (D.

2024-12-30 15:19


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Dogecoin price holds $0.15 as key DOGE metric flashes green

Dogecoin traded at $0. 15 as bulls looked to hold the advantage at the price level. A successful breach of $0. 18 could ignite fresh gains. Key targets include $0. 30 and $0. 50, which could be within reach if bullish momentum emerges across memecoins.