In comparison to the United States Dollar, Dogecoin began a consistent upward trend well above the $0.1320 resistance zone. There is a consolidation taking place in DOGE, which may extend its advances over $0.150.

Above the $0.150 barrier zone, the price of DOGE is setting its sights on further increases.
Price is now trading at a level that is higher above the 100-hourly simple moving average as well as the $0.1320 level.

On the hourly chart of the DOGE/USD pair, there is a significant bullish trend line that is forming, and it is receiving support only at $0.1345.

The price may continue to climb upward if it is able to break through the resistance zone located around $0.1420.

Dogecoin Price Regains Strength; Are There Prospects for Further Gains?

Over the last several days, the price of Dogecoin has seen a significant climb that has taken it beyond the $0.1150 threshold. DOGE was able to break over the barrier level of $0.1250 and enter a positive zone, similar to that of Bitcoin and Ethereum. In addition, the price surpassed the level of $0.1320 as well as the simple moving average for the 100-hour time frame.

At the price of $0.1437, a new high was established, and the price is now consolidating gains. After falling below the $0.140 threshold, there was a little decrease. Following the upward movement from the swing low of $0.1260 to the high of $0.1437, the price fell below the 23.6% Fibonacci retracement line after the upward rise.


At the moment, the price of Dogecoin is trading higher than the level of $0.1320 as well as the 100-hourly simple moving average. There is also a significant bullish trend line that is emerging on the hourly chart of the DOGE/USD pair, and it is forming with support around $0.1345. Over the course of the upward movement from the swing low of $0.1260 to the high of $0.1437, the trend line is quite near to the 50% Fibonacci retracement level.

There is a possibility that the price may encounter resistance close to the $0.1420 level if there is a new advance. The subsequent significant obstacle is located close to the $0.1450 level. If the price is able to close over the resistance level of $0.1450, it may go closer to the resistance level of $0.150. In the event that the price continues to rise, it may go closer to the $0.1650 mark. The level of $0.1720 might be the next significant halt for the bulls.

Do you have support for dips in DOGE?

It is possible that a downward correction may begin if the price of DOGE is unable to maintain its momentum above the $0.1420 mark. The nearest level of first support on the downside is located close to $0.1365. The next significant support is located close to the level of $0.1320.

There is a primary support level at $0.1280. In the event that the price breaks below the $0.1280 support level, there is a possibility that it may continue to fall. Given the circumstances, it is possible that the price will go back down to the level of $0.1150.

Indexes of Technical Concern

The MACD for DOGE/USD is now gaining pace in the bullish zone, as seen by the hourly rate of change.

Relative Strength Index (RSI) for the Hourly Time Frame – The RSI for DOGE/USD is now higher above the 50 mark.

The most important levels of support are $0.1365 and $0.1320.

Major levels of resistance are $0.1420 and $0.1500 respectively.

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