Dogecoin Price May Rise

Below $0.40, DOGE price fell again.

The price is below $0.4050 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.3950.

If it breaks $0.4050 and $0.4150 resistance, the price may climb again.

Dogecoin Price May Rise

Dogecoin fell from over $0.410, unlike Bitcoin and Ethereum. Below $0.4020 and $0.400 support, DOGE traded. Spiked below $0.3980.

After a low of $0.3963, the price is consolidating losses. It rebounded and topped $0.40. It broke the 23.6% Fib retracement barrier of the $0.4136 swing high to $0.3963 low decline.

Dogecoin is below $0.4050 and the 100-hourly SMA. ON THE DOGE/USD hourly chart, a positive trend line connects to $0.3950 support.

Near $0.4025 is immediate upward resistance. Bulls may see first resistance at $0.4050. The next significant barrier is $0.4095, the 76.4% Fib retracement level of the decline from $0.4136 swing high to $0.3963 low.

A closing above $0.4095 might push pricing above $0.4150. More advances might push the price toward $0.4350. Bulls may halt at $0.4500 next.

More DOGE losses?
DOGE may fall again if it fails to get over $0.4050. Initial downside support is $0.3980. Near $0.3950 is the next important support.

The major support is $0.3750. If the price breaks $0.3750, it might fall lower. The price may fall to $0.350 or $0.3420 in the short term.

Tech Indicators

DOGE/USD hourly MACD is losing momentum in the negative zone.

DOGE/USD's hourly RSI is below 50.

Major Support Levels: $0.3980, $0.3750.

Major resistance levels: $0.4050, $0.4095.

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