{"id":352751,"date":"2024-07-26T18:22:38","date_gmt":"2024-07-26T12:52:38","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=352751"},"modified":"2024-07-26T18:22:38","modified_gmt":"2024-07-26T12:52:38","slug":"dogecoin-price-looks-up-on-renewed-buyer-appetite-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-price-looks-up-on-renewed-buyer-appetite-crypto-news\/","title":{"rendered":"Dogecoin Price Looks Up On Renewed Buyer Appetite &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dogecoin price spiked on Friday, rising by 3.5 percent to break a three-session downturn and trade at $0.129. The dog-themed meme coin signaled an impending upturn on Thursday when more than 7.3 billion DOGE tokens were bought within 24 hours.\u00a0 However, the trading volume had dropped by 9 percent in the previous 24 hour timeframe as of this writing, sending a caution to buyers. <\/p>\n<p>Meme coins have been flashing signs of a potential bull run this week, and Dogecoin\u2019s status as the largest meme coin by market capitalization places it at a vantage point. PEPE, BONK, FLOKI, MOG Coin and Dogwifhat were all on course to register gains on the weekly chart at press time.<\/p>\n<h2 class=\"wp-block-heading\">Dogecoin price momentum indicators<\/h2>\n<p>On the 2-hour frame the 20-SMA is well above the 50-SMA, signaling that the momentum on Dogecoin price is currently in favour of further upside. Also, the Relative Strength Index (RSI) is at 54, which supports the upside view. However, a stay above the psychological mark at $0.130 will be crucial in building a sustainable near-term upside momentum. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" data-dominant-color=\"f7f7f8\" data-has-transparency=\"false\" style=\"--dominant-color: #f7f7f8\" width=\"1024\" height=\"412\" src=\"https:\/\/news.investingcube.com\/wp-content\/uploads\/2024\/07\/Dogecoin-20-50-sma-1024x412.jpg\" alt=\"\" class=\"not-transparent wp-image-184075\" \/><\/figure>\n<p>That said, DOGE price is still down by 7.3 percent on the weekly chart, meaning that it might take some time to clear the downside-facing momentum created by the recent selling spree.<\/p>\n<h2 class=\"wp-block-heading\">Support and resistance levels<\/h2>\n<p>On the 30-minute chart, look for a continuation of the upside above the $0.127 pivot mark. That could see the establishment of the first resistance at $0.130. However, if the buyers manage to clear that level, the resulting momentum could propel DOGUSD higher to test $0.132. <\/p>\n<p>Conversely, a downside momentum will likely set in if the price slips below $0.127. That could establish the first support at $0.125. A breach of that mark will not only invalidate the upside narrative, but could also strengthen the downside momentum to head lower and establish the second support at the 20-SMA\/50-SMA crossover at $0.124.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-dominant-color=\"f2f2f4\" data-has-transparency=\"false\" style=\"--dominant-color: #f2f2f4\" width=\"1024\" height=\"410\" loading=\"lazy\" src=\"https:\/\/news.investingcube.com\/wp-content\/uploads\/2024\/07\/DOGECOIN-PRICE-DAILY-1024x410.jpg\" alt=\"\" class=\"not-transparent wp-image-184076\" \/><img loading=\"lazy\" decoding=\"async\" data-dominant-color=\"f2f2f4\" data-has-transparency=\"false\" style=\"--dominant-color: #f2f2f4\" width=\"1024\" height=\"410\" src=\"https:\/\/news.investingcube.com\/wp-content\/uploads\/2024\/07\/DOGECOIN-PRICE-DAILY-1024x410.jpg\" alt=\"\" class=\"not-transparent wp-image-184076\" \/><\/figure>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price spiked on Friday, rising by 3.5 percent to break a three-session downturn and trade at $0.129. The dog-themed meme coin signaled an impending upturn on Thursday when more than 7.3 billion DOGE tokens were bought within 24 hours.\u00a0 However, the trading volume had dropped by 9 percent in the previous 24 hour timeframe [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":352754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-352751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=352751"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352751\/revisions"}],"predecessor-version":[{"id":352756,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/352751\/revisions\/352756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/352754"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=352751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=352751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=352751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}