Dogecoin ($DOGE ) Aiming for $0.50 Once Again: Is a New Price Surge Coming?

Dogecoin is consolidating gains above the resistance level of $0.320 against the US Dollar. DOGE is holding its gains and aiming for more upside potential above $0.400.

The price of DOGE has started to consolidate like Bitcoin and is holding above the resistance level of $0.320.

The price is trading close to $0.3750 and the 100-hour simple moving average.

There has been a breakout above a major descending trend line with resistance at $0.3670 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could continue to rise if it surpasses the resistance levels of $0.400 and $0.4150.

Dogecoin Aiming for New Growth

The price of Dogecoin has begun a consolidation phase around the $0.320 region similar to Bitcoin and Ethereum. DOGE has formed a base above $0.350 and is currently on the rise.