Dogecoin surges over 20%, can it continue to rise?

The Dogecoin to USD exchange rate has broken through $0.180 and has surged again. If it can reach $0.2200, Dogecoin will continue to rise.

Recently, Dogecoin has started to rise like Bitcoin, suddenly exceeding $0.180.

The current price is above $0.1800 and the 100-hour moving average.

From the hourly chart, Dogecoin has broken through the key downtrend line, and the previous resistance at $0.1620 is no longer significant.

If the price can break through $0.2150 and $0.2200, it will continue to rise.

Bullish outlook for Dogecoin

Since Dogecoin broke through the resistance levels of $0.1650 of Bitcoin and Ethereum, it has started to rise again. This time the surge is strong, rapidly exceeding $0.1800 and $0.1850.

On the hourly chart, Dogecoin has broken through the key downtrend line, and the previous resistance at $0.1620 has been easily surpassed. The price even surged above $0.2000, reaching a peak of $0.2200. The price is now rising from a low of $0.1654 to a high of $0.2200, having increased by 23.6% (according to Fibonacci retracement).

Currently, Dogecoin's price is above $0.200 and the 100-hour moving average. The next resistance level is $0.2150, followed by $0.220.

If the closing price can be above $0.220, the price may rise to $0.2320, or even $0.2420. The next target for the bulls may be $0.250.

If you want to seize this bull market, it is definitely too late to learn on the fly; it is best to have someone to quickly guide you.

I am Uncle Lei, welcome to communicate!