{"id":461801,"date":"2024-09-23T03:32:11","date_gmt":"2024-09-23T03:32:11","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=856570"},"modified":"2024-09-23T03:32:11","modified_gmt":"2024-09-23T03:32:11","slug":"dogecoin-eyes-45-gain-rsi-surpasses-trendline-whale-activity-supports-breakout","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/23\/dogecoin-eyes-45-gain-rsi-surpasses-trendline-whale-activity-supports-breakout\/","title":{"rendered":"Dogecoin Eyes 45% Gain: RSI Surpasses Trendline, Whale Activity Supports Breakout"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-23-10.04.45-An-energetic-and-futuristic-cryptocurrency-scene-illustrating-Dogecoin-poised-for-a-45-gain.-The-image-features-a-rising-Dogecoin-logo-prominently-in.webp\" class=\"ff-og-image-inserted\"><\/div>\n<ul>\n<li><strong>Dogecoin\u2019s price faces seller pressure but could see a 45% gain if bulls break resistance levels.<\/strong><\/li>\n<li><strong>Whale activity and RSI trendline surpassing indicate strong market support for a potential Dogecoin breakout.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>According to Dogecoin\u2019s price outlook presented in a previous CNF <a href=\"https:\/\/www.crypto-news-flash.com\/dogecoins-price-outlook-traders-cautioned-against-long-positions-amidst-consolidation\/\">post<\/a>, traders were cautioned against long positions amidst consolidation, as analysts suggested Dogecoin could trade between $0.12 and $0.15 short-term, with potential for a surge if it breaks resistance at $0.16.<\/p>\n<p>In a turn of events, Dogecoin\u2019s price attempted a breakout from its long-standing resistance structure this month, following two unsuccessful tries in May and July. Despite showing early signs of success, DOGE\u2019s price fell by over 3.2%, marking yet another setback for the meme coin.<\/p>\n<p>The decline, while not dramatic, confirms the existing pattern where sellers remain dominant at key price levels. Though resistance was not breached, Dogecoin bulls still have the opportunity to push through with a stronger attempt.<\/p>\n<p>If successful, DOGE enthusiasts could see a significant bullish breakout in the near future.<\/p>\n<h2><strong>DOGE Bulls Face Seller Pressure at Resistance<\/strong><\/h2>\n<p>In an earlier CNF <a href=\"https:\/\/www.crypto-news-flash.com\/explosive-potential-dogecoins-price-may-surge-by-550-coinstore-listing-drives-growth-for-dogecoin-rival\/\">post<\/a>, explosive potential for Dogecoin\u2019s price was suggested, forecasting a possible surge of up to 550%, with the Coinstore listing driving growth for a Dogecoin rival. However, while Dogecoin managed to reach dynamic support, sellers quickly stepped in to offload their holdings at this crucial price point. The inability to cross this level on the first try isn\u2019t entirely negative, as it suggests the pattern is still intact.<\/p>\n<p>Nevertheless, <a href=\"https:\/\/www.crypto-news-flash.com\/dogecoins-47-price-correction-seen-as-typical-by-analyst-doge-bull-run-expected-next\/\">Dogecoin bulls<\/a> need to show greater strength to break out of the current structure. If resistance is finally overcome, DOGE could reward its supporters with a surge of \u201cgreen candles\u201d and renewed optimism in the market.<\/p>\n<p>In line with recent developments, the current status of DOGE shows bulls facing seller pressure at <a href=\"https:\/\/www.crypto-news-flash.com\/dogecoins-recovery-on-chain-metric-signals-ideal-buying-opportunity-can-doge-price-hit-0-20\/\">resistance<\/a>. According to today\u2019s CoinMarketCap data, Dogecoin (DOGE) is trading at <strong>$0.109<\/strong>, with an increase of <span><strong>0.52%<\/strong><\/span> in the past day and <span><strong>7.96%<\/strong><\/span> in the past week. See DOGE price chart below.<\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin\u2019s price faces seller pressure but could see a 45% gain if bulls break resistance levels. Whale activity and RSI trendline surpassing indicate strong market support for a potential Dogecoin breakout. According to Dogecoin\u2019s price outlook presented in a previous CNF post, traders were cautioned against long positions amidst consolidation, as analysts suggested Dogecoin could [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":461802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[972,405,25,8919,2137],"class_list":{"0":"post-461801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-doge","9":"tag-dogecoin","10":"tag-news","11":"tag-rsi","12":"tag-whale"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/461801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=461801"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/461801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/461802"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=461801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=461801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=461801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}