Dogecoin (DOGE) Revives: Rally Coming?
Dogecoin is maintaining gains over $0.380 US Dollar barrier. DOGE is holding gains and wants more over $0.400.
Above $0.3750 barrier, DOGE price rose again.
The price is above $0.3800 and the 100-hour SMA.
DOGE/USD broke above a short-term contracting triangle with resistance at $0.390 on the hourly chart.
The price may rise if it breaks $0.400 and $0.4080 barrier.
Dogecoin Price Expects Growth
Dogecoin price has been sustained above $0.350 and lately increased like Bitcoin and Ethereum. DOGE broke $0.3650 and $0.3750 barrier.
The price rose above the 50% Fib retracement of the $0.4208 swing high to $0.3652 low. Additionally, the DOGE/USD hourly chart broke above a short-term contracting triangle with resistance around $0.390.
Dogecoin is above $0.3750 and the 100-hourly SMA. Resistance on the upswing is approaching $0.3950, the 61.8% Fib retracement level of the decline from $0.4208 swing high to $0.3652 low.
Bulls may see first resistance at $0.400. Near $0.4080 is the next significant resistance. A closing above $0.4080 might push pricing above $0.4200. More advances might push the price toward $0.4500. Bulls may target $0.500 next.
Does DOGE Support Dips?
DOGE's price may fall if it fails to break $0.400. Initial negative support is $0.3850. Near $0.3750 is the next important support.
The major support is $0.3550. If the price breaks $0.3550, it might fall lower. In this situation, the price may fall to $0.3200 or $0.300 soon.
Tech Indicators
DOGE/USD hourly MACD is rising in the positive zone.
Hourly RSI (Relative Strength Index): DOGE/USD is over 50.
Key Support Levels: $0.3850, $0.3750.
Major resistance levels: $0.4000, $0.4200.