$DOGE price is about to soar: When will the new round of DOGE's upward trend begin?
DOGE has recently experienced some ups and downs. After reaching a high of $0.180, it began a period of adjustment. However, after falling to $0.1420, DOGE seems to be slowly recovering and preparing to make another push.
Let's first take a look at DOGE's price trend. Previously, DOGE had been struggling to break through the $0.180 barrier, but ultimately failed and started to decline. It couldn't even hold key support levels like $0.1720 and $0.1650, and even briefly fell below $0.1550. Fortunately, the price eventually found a low at $0.1422 and began to attempt a rebound, successfully breaking through the $0.150 resistance zone. This wave of rebound also allowed DOGE to surpass the 23.6% Fibonacci retracement level from high to low, bringing a glimmer of hope to investors.
Now, DOGE is hovering around $0.168, which is an important threshold. If it can break through the $0.1700 resistance level, the subsequent trend will be worth looking forward to. Perhaps, DOGE could soar all the way to $0.2 or even higher.
However, on the flip side, if DOGE cannot maintain this upward momentum, it will need to be cautious. Once it falls below the $0.1550 support level, it may face the risk of declining again. The initial support level is at $0.1480, but if that cannot be held, then $0.1420 and $0.1400 could become challenges for DOGE. If it continues to drop, one must be wary of falling to $0.1320 or even $0.1300.
From a technical indicator perspective, DOGE's hourly MACD shows that momentum in the bearish zone is weakening, while the RSI remains above the critical value of 60, which brings a slightly cautious optimistic signal to investors. However, it is still important to keep key support and resistance levels in mind. $0.1480 and $0.1420 are support levels, while $0.1565 and $0.17 are resistance levels.
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