š„š„š„ #Dogecoinā¬ā© on the Move: Is a #BullishRally Incoming?
Dogecoin Price Analysis: Bullish Momentum at $0.3929
- Dogecoin ($DOGE ) is trading at $0.3929, holding support above $0.3800, showing bullish momentum. The price recently broke above $0.3750 and the 100-hour SMA, with potential for further gains if key resistance levels are surpassed.
Key Resistance Levels
- Immediate resistance is at $0.3950, followed by the 61.8% Fib retracement at $0.400. A break above $0.400 could push DOGE to $0.4080, $0.4200, and potentially as high as $0.4500 to $0.500.
Support Levels
- Support is at $0.3850, $0.3750, and $0.3550. A break below $0.3750 could lead to further declines, with major support at $0.3200 or $0.300.
Technical Indicators
- #MACD : Bullish momentum is building, suggesting further upside if DOGE clears $0.400.
- RSI: Above 50, supporting a bullish outlook but caution is needed for overbought conditions near resistance.
