Dogecoin (DOGE) is presently trading at $0.1522, marking a 1.77% decline over the past 24 hours. The coin holds the 9th position on CoinMarketCap, boasting a market cap of $22 billion and a circulating supply of 144 billion DOGE coins. The daily trading volume stands at $819 million.
On the 4-hour chart, DOGE exhibits a pivot point at $0.15100, indicating a bullish stance. Immediate resistance levels are identified at $0.15950, followed by $0.16980 and $0.18440. Conversely, support lies at $0.14270, with further levels at $0.13240 and $0.12030. The Relative Strength Index (RSI) currently sits at 53, indicating neutral conditions. Additionally, the 50-day Exponential Moving Average (EMA) stands at $0.15130, affirming a bullish market sentiment above this level.
DOGE has formed a symmetrical triangle pattern, with a significant obstacle near the $0.1545 mark. Meanwhile, support remains steadfast around $0.1513, reinforced by the 50-day EMA.
Should DOGE maintain its position above the $0.15100 pivot point, upward momentum could propel prices towards resistance levels at $0.15950, $0.16980, and $0.18440. Conversely, a breach below this pivot point might trigger a bearish trend, pushing prices towards support levels at $0.14270, $0.13240, and $0.12030. The market's reaction at these critical levels will dictate DOGE's near-term trajectory.
In summary, DOGE's technical outlook remains bullish above the $0.15100 pivot point. Overcoming the immediate resistance at $0.15950 is pivotal, followed by challenges at $0.16980 and $0.18440. The RSI's current level suggests potential for further gains, although vigilance is advised if DOGE dips below the pivot point. The presence of the 50-day EMA at $0.15130 reinforces the ongoing uptrend, lending support to DOGE's bullish prospects.
WFP USA is now accepting over 80 cryptocurrencies for donations to support its Emergency Hunger Relief Fund, targeting $25 million to aid 58 million people facing starvation. This move aims to modernise fundraising, reduce transaction fees, and speed up donations to tackle the global hunger crisis.
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