Dogecoin (DOGE) Could Break $0.50

Beyond $0.4250, Dogecoin is rising versus the US Dollar. DOGE is bullish and may break $0.50 barrier.

Above $0.440, DOGE price rose again.
Above $0.4350 and the 100-hourly simple moving average.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.430.

The price might rise again if it breaks $0.4600 and $0.4640 barrier.

Dogecoin P R Ice Maintains Momentum

Dogecoin rose over $0.4150 like Bitcoin and Ethereum. DOGE surpassed $0.4250 and $0.4400 resistance. Price is up over 5% and peaked at $0.4637.

Price is consolidating gains below $0.450. A little dip occurred at $0.4450, $0.4400, and the 23.6% Fib retracement level of the bullish rise from $0.3646 swing low to $0.4637 high.

Dogecoin is above $0.430 and the 100-hourly SMA. The hourly DOGE/USD chart shows a bullish trend line with support at $0.430.

Near $0.4550 is immediate upward resistance. Bulls may see first resistance at $0.46400. Near $0.4720 is the next significant resistance.

A closing above $0.4720 might push pricing above $0.4880. More advances might push the price beyond $0.5000. Bulls may target $0.5200 next.

DOGE Downside Correction?
DOGE may fall again if it fails to get over $0.4500. Initial downside support is $0.4400. Near $0.430 and the trend line is the next important support.

The major support is $0.4150. If the price breaks $0.4150, it might fall further. The price may fall to $0.4000 or $0.3800 in the short term.

Tech Indicators

DOGE/USD's hourly MACD is becoming negative.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Key Support Levels: $0.4400, $0.4300.

Major Resistance: $0.4500, $0.4640.

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