Dogecoin Surges Toward Ten Cents After Breaking Above 200-Day Moving Average
Dogecoin rallied from $0.084 to $0.095 on Saturday, reclaiming the 200-day moving average and approaching the key $0.10 resistance level.
Why it matters
The story describes a routine short-term price move in a single altcoin. Its significance is limited, as it rests on one outlet's technical analysis of a minor cryptocurrency with a small market capitalization.
Key facts
Dogecoin rose from $0.084 to $0.095 on Saturday.
0.095 USDReported by U.Today
Dogecoin recovered from a low of $0.08 on September 2.
0.08 USDReported by U.Today
A September 3 surge reached $0.089 but failed to breach the daily 200-day moving average.
0.089 USDReported by U.Today
Saturday's rise pushed Dogecoin above the daily 200-day moving average.
Reported by U.Today
The $0.10 level halted a mid-August surge before the price fell.
0.1 USDReported by U.Today
Dogecoin was trading at $0.088 at the time of writing, battling to hold above the 200-day moving average.
0.088 USDReported by U.Today
What happened
Dogecoin posted a sharp single-day gain on Saturday, climbing from $0.084 to $0.095 as buyers returned to the market, according to U.Today. The move builds on a recovery that began from a low of $0.08 on September 2. A prior attempt on September 3 to breach the 200-day moving average at $0.089 failed, but Saturday's rally pushed the price above that technical barrier. U.Today reported that the price was trading at $0.088 at the time of writing, battling to hold above the 200-day moving average. The $0.10 level remains significant as it halted a mid-August surge, and U.Today characterized it as the current resistance for the rally.
How the story developed
- Update
Dogecoin hit a low of $0.08
Price bottomed at this level before beginning a recovery.
- Update
Dogecoin surged to $0.089 but failed to break the 200-day moving average
An initial attempt to reclaim the key technical level fell short.
- Update
Dogecoin rallied from $0.084 to $0.095 on Saturday, breaking above the 200-day moving average
Buyers returned and pushed the price above the technical barrier, approaching the $0.10 resistance.
- First report
First report by U.Today
Dogecoin's Ten-Cent Dream Nears Reality as Price Secures Key Breakout
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| U.Today Crypto media | Dogecoin's Ten-Cent Dream Nears Reality as Price Secures Key Breakout | Original |
Related events
Dogecoin recovers above 200-day moving average after 10% rebound from early September low
Dogecoin climbed roughly 10% from its Sep. 2 low of $0.0817 to trade near $0.09, reclaiming its 200-day SMA at $0.08839.
Dogecoin Surges to Two-Week High Above $0.09 as Analysts Cite Technical Signals
Dogecoin rallied sharply on Saturday evening, hitting $0.094 before retreating to $0.09, with analysts attributing the move to technical indicators.