DOGE Price Rises to $0.125: Will It Last?
Dogecoin rose steadily over $0.120 versus the US Dollar. DOGE is stabilizing and may rise over $0.1265.
DOGE hopes to get beyond $0.1265 resistance.
The price is above $0.120 and the 100-hour SMA.
On the hourly DOGE/USD chart, a bullish trend line with support around $0.1195 is formed (Kraken).
The price may rise if it breaks $0.1265 barrier.
Dogecoin Price Expects Growth
Dogecoin price rose after building a base above $0.1050. DOGE broke $0.1150 barrier to join Bitcoin and Ethereum in the bullish zone. Price broke $0.120 and the 100-hourly simple moving average.
The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $0.1167 swing low to the $0.1264 high.
Above $0.1220 and the 100-hourly simple moving average, Dogecoin is trading. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1195. A further advance may encounter resistance at $0.1265.
Near $0.1320 is the next big resistance. A closing above $0.1320 might push pricing above $0.1450. More advances might push the price toward $0.150. Bulls may halt at $0.1620 next.
Another DOGE Drop?
DOGE may correct below $0.1265 if it fails to rise. Initial downside support is $0.1240. The next key support is at $0.1215, the 50% Fib retracement level of the upward run from $0.1167 swing low to $0.1264 high.
The major support is $0.1195. If the price breaks $0.1195, it might fall further. If so, the price may drop to $0.1140.
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