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Dogecoin

Dogecoin Tests Resistance At $0.2450

by Miki 10/18/2021
by Miki 10/18/2021 0 comment

Dogecoin Gains Ground While Bitcoin Gets Closer To All-Time Highs

Dogecoin managed to get above the 50 EMA at $0.2390 and is moving higher while Bitcoin is heading towards recent highs at $62,900.

The world’s leading cryptocurrency gained strong upside momentum after reports indicated that SEC will not prevent ProShares from launching the Bitcoin futures ETF. Bitcoin Dominance, which measures the market capitalization of Bitcoin as a percentage of total crypto market capitalization, continued to grow and moved towards the 47% level. If Bitcoin gets above recent highs, it will gain additional upside momentum and move towards all-time highs near $64,900 which will be bullish for the whole crypto market, including Dogecoin.

Other cryptocurrencies lack momentum today. Ethereum pulled back towards $3,850 while Shiba Inu is stuck near $0.00002770.

Dogecoin settled above the 50 EMA at $0.2390 and made an attempt to settle above the next resistance level which is located at $0.2450. This resistance level has already been tested several times and proved its strength.

In case Dogecoin manages to settle above $0.2450, it will gain additional upside momentum and head towards the next resistance level at $0.2520. A move above this level will open the way to the test of the resistance at $0.2570. If Dogecoin gets above $0.2570, it will head towards the resistance at $0.26.

On the support side, the previous resistance level at the 50 EMA at $0.2390 will serve as the first support level for Dogecoin. If Dogecoin settles back below this level, it will move towards the next support at the 20 EMA at $0.2340.

A successful test of the support at the 20 EMA at $0.2340 will push Dogecoin towards the next support level which is located at $0.23. In case Dogecoin declines below the support at $0.23, it will move towards the next support at $0.2255. A move below $0.2255 will signal that the recent attempt to rebound has failed.

For a look at all of today’s economic events, check out our economic calendar.

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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

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      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

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      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

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      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

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      Binance Trading Platform Licenses in Bahrain, Canada

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