Dogecoin price is hovering above the demand zone\u00a0ranging from $0.280 to $0.311.<\/strong><\/li>\n
A decisive bounce off this barrier will open the path to roughly 30% advance to $0.40.<\/strong><\/li>\n
If DOGE produces a lower low below $0.273, it will invalidate the bullish thesis.<\/strong><\/li>\n<\/ul>\n
Dogecoin price comfortably sits above a stable support level, awaiting a surge in buying pressure that triggers a new uptrend<\/a>.\u00a0<\/p>\n
Dogecoin price eyes a higher high<\/strong><\/h2>\nDogecoin price pierced the supply barrier\u00a0ranging from $0.280 to $0.311 on August 13 but blasted through it on August 15. This run-up failed to sustain, but a second rally flipped it into a demand barrier. DOGE currently hovers above<\/a> this support area, awaiting the start of a new upswing.<\/p>\n
A potential spike in selling pressure that pushes Dogecoin price to shatter the $0.327 resistance level will open the path to set up a higher high above the previous swing high at $0.352 and even tag the supply barrier at $0.367.<\/p>\n
If the bulls manage to produce a decisive 12-hour candlestick close above $0.367, it will put the $0.400 resistance level within reachable distance for the buyers. In total, this run-up to $0.400 from the current position at $0.316 will constitute a 26% ascent<\/a>.<\/p>\n
$\"DOGE\/USDT$ <\/a><\/p>\n
DOGE\/USDT 12-hour chart<\/small><\/p>\n
While things seem to be going in favor of Dogecoin price, a re-entry into the demand zone\u00a0ranging from $0.270 to $0.311\u00a0will put the uptrend in jeopardy. If the sell-off continues to produce a decisive close below the support level at $0.273, it will invalidate the bullish thesis.<\/p>\n
In such a case, a potential spike in selling pressure could trigger a sell-off, pushing DOGE down by 15% to $0.230.<\/p>\n
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<\/iframe><\/p>\n<\/div>\n\u00a0<\/p>\n<\/p><\/div>\n \n <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/dogecoin-price-consolidates-as-doge-bulls-place-040-in-their-crosshairs-202108230501\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Dogecoin price is hovering above the demand zone\u00a0ranging from $0.280 to $0.311. A decisive bounce off this barrier will open the path to roughly 30% advance to $0.40. If DOGE produces a lower low below $0.273, it will invalidate the bullish thesis. Dogecoin price comfortably sits above a stable support level, awaiting a surge in […]<\/p>\n","protected":false},"author":1,"featured_media":771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[316,500,3522,120,81,3521,124],"class_list":{"0":"post-4673","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dogecoin","8":"tag-bulls","9":"tag-consolidates","10":"tag-crosshairs","11":"tag-doge","12":"tag-dogecoin","13":"tag-place","14":"tag-price"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/4673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=4673"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/4673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/771"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=4673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=4673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=4673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}