Breaking
February 6, 2025

Dogecoin (DOGE) Attempts a Comeback: Can It Clear Resistance? Aayush Jindal | usagoldmines.com

Dogecoin started a recovery wave above the $0.240 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.270.

  • DOGE price started a recovery wave above the $0.2350 and $0.2420 levels.
  • The price is trading below the $0.2780 level and the 100-hourly simple moving average.
  • There is a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could start another increase if it clears the $0.260 and $0.270 resistance levels.

Dogecoin Price Faces Resistance

Dogecoin price started a fresh decline from the $0.3450 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.300 and $0.250 support levels. It even spiked below $0.220.

The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 50% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low.

However, the bears are active near the $0.280 zone. Dogecoin price is now trading below the $0.270 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.260 level.

There is also a major bearish trend line forming with resistance at $0.260 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.270 level. The next major resistance is near the $0.2850 level or the 61.8% Fib retracement level of the downward wave from the $0.3415 swing high to the $0.20 low.

Dogecoin Price

A close above the $0.2850 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.270 level, it could start another decline. Initial support on the downside is near the $0.2420 level. The next major support is near the $0.2250 level.

The main support sits at $0.220. If there is a downside break below the $0.220 support, the price could decline further. In the stated case, the price might decline toward the $0.2020 level or even $0.200 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.2420 and $0.2250.

Major Resistance Levels – $0.2700 and $0.2850.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Crypto News | MetaMask adds Gas Station feature for token-based transaction fees Assad Jafri | usago...

Crypto News | FDIC to update crypto banking guidelines, releases documents on pause letters Gino Mat...

Crypto News | MicroStrategy rebrands to Strategy, reinforces Bitcoin Treasury focus Gino Matos | usa...

Crypto News | CFTC overhauls enforcement division to combat fraud without regulatory pitfalls Assad ...

Crypto News | VanEck forecasts 3% market cap growth for Solana, $520 price by 2025-end Gino Matos | ...

Crypto News | Analyst sets $95,000 ceiling for Bitcoin fair value amid declining network activity Gi...

Crypto News | Crypto ransomware revenue drops 35% to $813 million in 2024 amid tougher crackdowns an...

‘TIGER 21’ Wealth Network Invests $6B in Cryptocurrency Vignesh S G | usagoldmines.com

Coinbase files amicus brief to protect Prime Trust customers’ assets in bankruptcy case Hannah Colly...

Lawmaker’s Draft Bill Could Let Brazilian Funds Invest in Crypto Tim Alper | usagoldmines.com

US CFTC Schedules Public Forum to Review Prediction Market Policies Shalini Nagarajan | usagoldmines...

Rep. French Hill Outlines US Plans to Replace Heavy-Handed Crypto Enforcement Shalini Nagarajan | us...

Tether is Developing New AI Applications, Including AI Bitcoin Wallet Assistant Ruholamin Haqshanas ...

MicroStrategy Renames to Strategy with Bitcoin Logo, Reports Q4’s Largest BTC Acquisition Sujha Sund...

Solana DEX Aggregator Jupiter’s X Account Hacked, Promotes Fake Meme Coins Ruholamin Haqshanas | usa...

Elite Investor Group Tiger21 Holds Crypto Portfolio Value of $6 Billion Shalini Nagarajan | usagoldm...

Coinbase must do more to stem the $300M its users lose to social engineering scams yearly Nellius Ir...

Solana Metrics Surge: Total App Revenue Climbs To $840M In Record-Breaking Quarter Ronaldo Marquez |...

When Will Altcoin Season Begin? Analysts Predict the Timing for a Crypto Bull Run Zafar Naik | usago...

Ripple CEO Brad Garlinghouse Shortlisted for U.S. Crypto Advisory Council Mustafa Mulla | usagoldmin...

Jupiter DEX’s X account is still compromised Collins J. Okoth | usagoldmines.com

Deribit crypto derivatives exchange leaving Russia to comply with EU sanctions Derek H Andersen | us...

OpenAI’s co-founder leaves competitor company, Anthropic Noor Bazmi | usagoldmines.com

Rollblock: The Next Shiba Inu? Experts Predict 1000x Gains Before It Hits Major Exchanges! Cryptopol...

Top 5 Crypto in 2025: TRX, SUI, AAVE, RBLK & ETH Price Predicted to Soar, Experts Say Cryptopoli...

Chainlink Witnesses Highest Whale Activity Since 2023, Price Reversal Coming? Keshav Verma | usagold...

Shiba Inu News; All The Latest On SHIB As We Take A Look At The Most Trending Meme Coins This Month ...

49,700 Dormant Bitcoin Just Moved—What’s Next For BTC’s Price? Samuel Edyme | usagoldmines.com

Crypto News | Ondo launches blockchain platform to tokenize US stocks for global investors Oluwapelu...

Crypto News | BlackRock to launch new Bitcoin ETP for European market Gino Matos | usagoldmines.com

XRP Price Prediction For February 6 Anjali Belgaumkar | usagoldmines.com

Crypto News: SEC Judge Who Signed Off on Ripple Case Appeal Moves to IT Department Anjali Belgaumka...

Ripple vs. SEC Update: Will New Leadership End the Case? Debashree Patra | usagoldmines.com

Expert Predicts Dogecoin Price Recovery: Targeting New Heights Between $1.5 And $2 Ronaldo Marquez |...

Arthur Hayes calls US BTC national reserve a ‘terrible’ idea, slams Elon Musk’s D.O.G.E Jai Hamid | ...

Public Citizen urges investigation into Trump’s potential violation of gift solicitation laws Nelliu...

Jupiter Exchange X account gets hacked, shares scam tokens Noor Bazmi | usagoldmines.com

Forget the Past Bull Runs—This Crypto Could Outperform Everything We’ve Seen Before Cryptopolitan Me...

Fed’s Jefferson signals patience on rates due to Trump’s policy uncertainty Noor Bazmi | usagoldmine...

Could BNB and Solana Be Set To Battle It Out With This New Viral Altcoin For Top Crypto Rankings? Cr...

Bitcoin to $500,000? Standard Chartered Exec Predicts Massive Surge By 2028 Ash Tiwari | usagoldmine...

XRP Price Struggles to Keep Pace: What’s Holding It Back? Aayush Jindal | usagoldmines.com

FDIC Releases Documents on Crypto Debanking Ahead of Congressional Hearing Nidhi Kolhapur | usagoldm...

Ethereum Price to Skyrocket? $402 Million Worth ETH Outflow Chandan Gupta | usagoldmines.com

Breaking: MicroStrategy Rebrands as ‘Strategy’, Unveils Bitcoin-Inspired Logo Nidhi Kolhapur | usago...

BlackRock to Launch Bitcoin ETP in Europe: Bloomberg Nidhi Kolhapur | usagoldmines.com

FDIC Set to Revise Guidelines, Allowing Banks to Engage in Crypto Activities Nidhi Kolhapur | usagol...

“Strategy” the New Name of MicroStrategy with Bitcoin and AI Focus Chandan Gupta | usagoldmines.com

XLM at Risk of 40% Price Drop, Bearish Pattern Sparks Sell-Off Warnings Chandan Gupta | usagoldmines...

Shiba Inu Rally Imminent? 1.23 Trillion SHIB Moves into Wallet Chandan Gupta | usagoldmines.com

Legal Watchdog Seeks Investigation into Trump’s Promotion of Controversial TRUMP Token Anjali Belga...

Ripple Expands US Workforce by 75% After Elections: Is the SEC Lawsuit Ending Soon? Anjali Belgaumk...

Nintendo announces Switch 2 Direct timelines scheduled for April Collins J. Okoth | usagoldmines.com

Bitcoin Price Recovery Loses Steam: Are More Losses Ahead? Aayush Jindal | usagoldmines.com

Ethereum Price Sets Its Sights on Higher Levels: Can Bulls Maintain Momentum? Aayush Jindal | usagol...

Strategy’s Bitcoin holdings hit $23.9B despite $670M loss in Q4 and pause in purchases Jai Hamid | u...

Ethereum Is Testing Key Support on the ETH/BTC Chart – A Parabolic Move Could Be Next Sebastian Vill...

Google has opened its most powerful Gemini 2.0 suite for everyone Enacy Mapakame | usagoldmines.com

Crypto-loving Howard Lutnick confirmed as US Commerce Secretary – What to expect from him Jai Hamid ...

Michael Saylor Teases “Big Strategy Day,” Crypto Community Reacts Julia Smith | usagoldmines.com

South Korean Police Arrest 90 in Raid on ‘Crypto-powered Drug Gang’ Tim Alper | usagoldmines.com

Dogecoin $10 Price Target Back In Play? Here’s What The Charts Say Scott Matherson | usagoldmines.co...

Senator Hagerty to Introduce Stablecoin Legislation Victor | usagoldmines.com

Ethereum Increases Gas Limit to Boost Scalability Victor | usagoldmines.com

Base and USDC Enable Faster Global Payments with Hurupay Tari | usagoldmines.com

Trump’s Crypto Czar Explores Strategic Bitcoin Reserve Victor | usagoldmines.com

Adin Ross & FaZe Banks Launch GTA 6 RP with Crypto Pay Victor | usagoldmines.com

CFTC Investigates Super Bowl Bets by Crypto.com Lawrence Mike Woriji | usagoldmines.com

Kraken Gets MiFID License to Offer Derivatives in EU Lawrence Mike Woriji | usagoldmines.com

Treasury Secretary Bessent says Trump is “not calling for the Fed to lower interest rates” Jai Hamid...

SoftBank wrapping up $6.5B deal for Oracle-backed chip designer Ampere Hannah Collymore | usagoldmin...

Bitcoin network activity hits one-year low as mempools dip to 2022 crypto winter levels Hannah Colly...

Zano Blockchain Partners with Cake Wallet to Drive Privacy Coin Adoption Cryptopolitan Media | usago...

CFTC Investigates Super Bowl Bets by Crypto.com Lawrence Mike Woriji | usagoldmines.com

China for China: Chinese chip makers, cloud providers rush to support homegrown DeepSeek Florence Mu...

US prosecutors indict ex-Google software engineer for stealing AI secrets to benefit Chinese employe...

Google to invest $75 billion in 2025 to expand AI infrastructure Nellius Irene | usagoldmines.com

US senator introduces bill to ban AI trade with China, targeting DeepSeek and national security risk...

OpenAI’s Sora filmmaking tool meets unseen resistance in Hollywood Florence Muchai | usagoldmines.co...

Musk wants suit over Tesla’s use of AI-generated ‘Blade Runner’ imagery dropped Florence Muchai | us...

MicroStrategy rebrands to just Strategy just after new BTC purchases put on freeze Hristina Vasileva...

Algorand seeks role in US government D.O.G.E blockchain initiative Cryptopolitan News | usagoldmines...

Sen. Cynthia Lummis exposes yet another undeniable proof of Chokepoint 2.0 Enacy Mapakame | usagoldm...

Bank of England to cut interest rates to 4.5% as economic growth stagnates Collins J. Okoth | usagol...

“Kraken may know the identity of Satoshi” – Conor Grogan, Coinbase exec claims Hannah Collymore | us...

Ethereum is no longer the crypto casino as DEX traffic switched to Solana Hristina Vasileva | usagol...

Federal Reserve exposed for being an active part of crypto debanking Jai Hamid | usagoldmines.com

Cboe BZX files to offer options on spot Ethereum ETFs Nellius Irene | usagoldmines.com

Unions drag US Treasury to court for giving Elon Musk’s D.O.G.E read-only access to data Jai Hamid |...

El Salvador Remains Bullish, Adds Another 12 BTC To Its Expanding Bitcoin Reserve Brenda Ngari | usa...

XRP Price To Hit $5.85 — Crypto Analyst Makes Bullish Ripple’s XRP Cycle Projection Aliyu Pokima | u...

Vitalik Buterin Projects Ethereum Pectra Upgrade In March — Here’s More Aliyu Pokima | usagoldmines....

XRP Ledger Suffers Rare Outage, Briefly Halts Network Production Before Spontaneously Recovering Bre...

Ripple’s XRP on Track for 63,000% Rapid Explosion Like in 2017 — Analyst Newton Gitonga | usagoldmin...

Ransomware Payments Drop 35% in 2024 as Victims Refuse to Pay Hackers: Chainalysis Tanzeel Akhtar | ...

Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum Se...

Blockstream Opens Tokyo Office to Drive Bitcoin Growth in Asia Tanzeel Akhtar | usagoldmines.com

Avalanche (AVAX) Crypto Predictions: Now Is The Time to Buy, Says Experts, Sell Shiba Inu & Get ...

Could Bitcoin Drop to $69K? Experts Recommend Mutuum Finance for 1400% Returns as a Promising Altern...

MicroStrategy rebrands to Strategy reflecting its Bitcoin focus Enacy Mapakame | usagoldmines.com

Leave a Reply