{"id":567132,"date":"2021-06-02T13:44:20","date_gmt":"2021-06-02T10:44:20","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567132"},"modified":"2021-06-02T13:44:20","modified_gmt":"2021-06-02T10:44:20","slug":"dogecoin-could-retest-0-50-if-the-50-day-ma-turns-into-support","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/dogecoin-could-retest-0-50-if-the-50-day-ma-turns-into-support\/","title":{"rendered":"Dogecoin Could Retest $0.50 if the 50-day MA Turns into Support"},"content":{"rendered":"<ul>\n<li><strong>Dogecoin has broken the $0.32, $0.35 and $0.40 resistance levels<\/strong><\/li>\n<li><strong>Dogecoin is currently attempting to turn the 50-day MA as support which could propel it back to $0.50<\/strong><\/li>\n<li><strong>Coinbase Pro will start trading Dogecoin tomorrow, June 3rd<\/strong><\/li>\n<li><strong>Fundamentally, Dogecoin has Elon Musk and the DOGE-1 mission to look forward to next year<\/strong><\/li>\n<\/ul>\n<p>The famous meme-coin of Dogecoin (DOGE) has bounced off yesterday&#8217;s $0.31 lows to post a local peak value of $0.42. With this move, Dogecoin has broken past <a href=\"https:\/\/en.ethereumworldnews.com\/dogecoins-daily-transaction-value-drops-by-90-from-ath-of-82-54b\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">the three crucial resistance zones<\/a> at $0.32, $0.35 and $0.40.<\/p>\n<p>A quick glance at the daily DOGE\/USDT chart below reveals that the meme-coin is currently attempting to turn the <a href=\"https:\/\/en.ethereumworldnews.com\/dogecoins-50-day-moving-average-is-the-support-area-to-watch-in-march\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">50-day moving average<\/a> (white) into support. The crucial moving average also converges with the aforementioned resistance at $0.40 that has now flipped into short-term support from DOGE.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd.png\"><img class=\"aligncenter size-full wp-image-567133\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd.png\" alt=\"\" width=\"1006\" height=\"585\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd.png 1006w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd-300x174.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd-770x448.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd-500x291.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd-240x140.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/DOGE-June-2nd-717x417.png 717w\" sizes=\"(max-width: 1006px) 100vw, 1006px\" title=\"\"><\/a><\/p>\n<h2>Coinbase Pro Has Listed Dogecoin, Trading to Commence on June 3rd<\/h2>\n<p>Also from the chart, it can be observed that the daily MACD, RSI and MFI are all pointing towards an ongoing market reversal for Dogecoin with $0.50 being a plausible target in the days or weeks ahead.<\/p>\n<p>Dogecoin&#8217;s rejuvenation in the crypto markets is primarily due to Coinbase Pro <a href=\"https:\/\/blog.coinbase.com\/dogecoin-doge-is-launching-on-coinbase-pro-1d73bf66dd9d\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">announcing<\/a> yesterday, that it was now accepting DOGE deposits in preparation for trading that will begin tomorrow, June 3rd at 9 am Pacific Time.<\/p>\n<p>Dogecoin is yet to be listed on the regular Coinbase platform but the team at the exchange promised to issue a separate announcement when DOGE will be listed there.<\/p>\n<h2>Launch of DOGE-1 Provides Some Optimism in the Long Term<\/h2>\n<p>With respect to Dogecoin&#8217;s long-term success in the crypto markets, the meme-coin could continue defying calls for a pullback to lower levels due to <a href=\"https:\/\/en.ethereumworldnews.com\/elon-musk-i-havent-and-wont-sell-any-dogecoin-doge\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">the support DOGE receives from the CEO of Tesla<\/a>, Elon Musk.<\/p>\n<p>Earlier today, Elon Musk posted the following meme which probably assisted DOGE in breaking the earlier mentioned resistance levels to post a local peak of $0.42.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Found this pic of me as a child <a href=\"https:\/\/t.co\/hUEKluRAdP\" rel=\"nofollow\">pic.twitter.com\/hUEKluRAdP<\/a><\/p>\n<p>&mdash; Elon Musk, the 2nd (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1399985389725753346?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">June 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition, SpaceX will be launching the DOGE-1 satellite to the moon next year.\u00a0Therefore, and on a fundamental level, the event could provide additional <a href=\"https:\/\/en.ethereumworldnews.com\/dogecoin-eyes-0-50-as-elon-musk-asks-if-tesla-should-accept-doge\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">demand for DOGE<\/a> leading up to the launch of the Satellite.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin has broken the $0.32, $0.35 and $0.40 resistance levels Dogecoin is currently attempting to turn the 50-day MA as support which could propel it back to $0.50 Coinbase Pro will start trading Dogecoin tomorrow, June 3rd Fundamentally, Dogecoin has Elon Musk and the DOGE-1 mission to look forward to next year The famous meme-coin of Dogecoin (DOGE) has bounced off yesterday&#8217;s $0.31 lows to post a local peak value of $0.42. With this move, Dogecoin has broken past the [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":566849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,947],"tags":[130,108087,108297,7937],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/567132"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=567132"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/567132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/566849"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=567132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=567132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=567132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}