$DOGE Analysis:

The current price action is positive in Dogecoin and suggests more upsides. The price is now consolidating near the 76.4% Fib retracement level of the downward move from the $0.1073 swing high to the $0.0731 low.

More importantly, DOGE is following a major bullish trend line with support at $0.0850 on the daily chart. It seems like the bulls might soon attempt a fresh increase above the $0.10 resistance.

The first major resistance on the upside is $0.1060. A close above the $0.1060 resistance could spark strong bullish moves. In the stated case, the price could even surpass the $0.120 resistance and test $0.1250. Any more gains might send the price toward the $0.1320 hurdle.

Downside Correction In DOGE?

Conversely, Dogecoin price might start a downside correction from $0.10. Immediate support sits near the $0.095 level. The first key support for DOGE is near the $0.0912 level.

A downside break below the $0.0912 support could send the price toward the trend line support or the 50-day simple moving average (blue). Any more losses might call for a downside thrust toward the $0.0740 pivot level or the $0.0725 low.

Overall, DOGE is gaining bullish momentum above the $0.095 resistance. If Dogecoin price settles above the $0.10 barrier, there could be a drift toward the $0.120 or $0.132 level. If not, the price might correct lower to $0.0850.