Dogecoin is rushing to $0.15. Can it take off this time?
Dogecoin has been gaining momentum recently and has broken through the $0.135 barrier. Now it looks like it wants to continue to rush to $0.145.
Since $0.132, Dogecoin has been rising all the way. Now, its price is firmly above $0.135 and the 100-hour simple moving average. Moreover, on the hourly chart, a bullish trend line is drawn with support at $0.142.
If Dogecoin can break through the two levels of $0.145 and $0.1465, its momentum will be even stronger. Everyone is guessing whether Dogecoin can continue to rise.
In fact, this wave of Dogecoin's rise started from $0.12. It first broke through $0.132, and then broke through $0.135 and $0.14. At its highest point, it rose to $0.1467.
However, the bulls are still holding on above $0.135. As long as the bullish trend line on the hourly chart remains, Dogecoin is likely to continue to rise. The next level to be broken is $0.1465. If it breaks through, then $0.1480, $0.1520, and even $0.1550 may become its new target.
Of course, if it fails to break through $0.1465, Dogecoin may also pull back. The first support level to be defended is $0.142. If it fails to hold, then $0.14, $0.1335, and even $0.125 and $0.122 may become its pullback targets.
However, from the technical indicators, Dogecoin's MACD has gained momentum in the bullish area, and the RSI is also above the 50 level. So, everyone can still look forward to Dogecoin's next performance.
I will also tell you about the main support and resistance levels: the support levels are $0.1465 and $0.15 (although they are resistance levels now, they may become support levels if they are broken); the resistance levels are $0.142 and $0.1335.
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