Dogecoin (DOGE) Targets $0.150: Will It Rally?
Dogecoin is breaking free of $0.1350 US Dollar barrier. DOGE may break $0.1450 resistance after exhibiting good indicators.
Above $0.1320 barrier, DOGE price rose again.
The price is above $0.1350 and the 100-hour SMA.
The hourly DOGE/USD chart shows a bullish trend line with support at $0.1420.
The price may rise if it breaks $0.1450 and $0.1465 barrier.
Dogecoin Price Expects Growth
Above $0.1200 barrier, Dogecoin price rose again. DOGE got over $0.1320 resistance, beating Bitcoin and Ethereum. Moved over $0.1350 and $0.1400 barrier levels.
The price reached $0.1467 before falling slightly. The price fell below $0.1420. It fell below the 23.6% Fib retracement of the $0.1206 swing low to $0.1467 high.
Bulls are active over $0.1350. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1420. Dogecoin is above $0.1320 and the 100-hourly SMA. Near $0.1465 is immediate upward resistance. Near $0.1480 is the next big resistance.
A closing above $0.1480 might push pricing into $0.1520. More advances might push the price toward $0.1550. Bulls may halt at $0.1585 next.
Does DOGE Support Dips?
DOGE may fall again if it fails to get beyond $0.1465. Initial downside support is $0.1420. Near $0.1400 is the next important support.
The 50% Fib retracement level of the upward rise from the $0.1206 swing low to the $0.1467 high is $0.1335, the key support. If the price breaks $0.1335, it might fall lower. The price may fall to $0.1250 or $0.1220 in the short term.
Tech Indicators
DOGE/USD hourly MACD is rising in the positive zone.
Hourly RSI (Relative Strength Index): DOGE/USD is over 50.
Key Support Levels: $0.1465, $0.1500.
Key Resistance Levels: $0.1420, $0.1335.
