Technical analysis by Coinpedia-Market-Insight about Symbol DOGE: Buy recommendation (10/18/2024)

Dogecoin price has jumped 24.57% in 8 consecutive bullish candles.DOGE surged 62.64% from its recent low of $0.08049 on August 5th.The price action completed a rounding-bottom reversal after surpassing $0.1282.MACD shows a positive crossover with growing momentum and bullish histograms.The 50-day EMA uptick increases the likelihood of a golden crossover soon.Dogecoin social activity spiked to a 12-month high, with dominance increasing by 1.55%.DOGE faces resistance at $0.14, resulting in a long-wicked intraday candle.The uptrend has surpassed the 23.60% and 38.20% Fibonacci levels.The next price targets are $0.14404 at the 50% Fibonacci level and $0.1591 at 67.80%.DOGE may reach $0.1835 if the bullish trend continues with broader market recovery.Key support levels stand at $0.1151 and $0.10 psychological mark.Market sentiment remains bullish at 84%, despite a 10% decline.