【Market Analysis: DOGE】
Dogecoin price is starting a new round of increase, currently breaking through $0.4150, with a price increase of over 5%. The recent high point appeared at $0.4637.
Currently, the price is maintained below $0.450, with a stable increase, but has slightly retreated, possibly adjusting towards $0.4450 and $0.4400, and the 23.6% Fibonacci retracement level from the low of $0.3646 to the high of $0.4637 may also provide support.
The current trading price of Dogecoin is around $0.433, above $0.430 and the 100-hour simple moving average. On the hourly chart, the price remains above a key bullish trend line, with a support level of about $0.430.
Resistance levels above are $0.4500, $0.4640, and $0.4720. If DOGE fails to break above $0.4500, it may face new downward pressure.
Support levels below to watch are $0.44, $0.43, and $0.41.
