Dogecoin (DOGE) is showing a strong upward momentum, breaking through the resistance level of $0.320 and continuing to climb higher. Recently, DOGE surpassed the $0.350 resistance, indicating a stable uptrend. The price is currently trading above $0.3650 and the 100-hour simple moving average, signaling stability in this rally.
An important upward trendline is forming, with support at $0.3870, reinforcing DOGE’s bullish movement. If the price continues to break through the resistance levels at $0.400 and $0.4150, DOGE could extend its rally toward $0.4320, possibly even reaching $0.4500. However, if the price surpasses $0.4150, the next major level to watch is $0.4650.
Nevertheless, a potential pullback cannot be ruled out. If DOGE fails to break through the $0.4150 level, it may experience a slight correction, with initial support at $0.3870 and the main support around $0.3420. If this level is breached, the price could decline further to $0.3150 or even $0.300 in the near future.
With the MACD losing momentum in the bullish zone and the RSI above 50, the DOGE market is still showing positive signals. However, investors should closely monitor key support and resistance levels to make informed decisions.
