Dogecoin (DOGE) Eyes $0.50 Again: New Rally?

Dogecoin is maintaining gains over $0.320 US Dollar barrier. DOGE is holding gains and wants more over $0.400.

Like Bitcoin, DOGE pricing consolidated over $0.320.
The price is at $0.3750 and the 100-hour SMA.
DOGE/USD broke above a negative trend line with resistance around $0.3670 on the hourly chart.

The price may rise if it breaks $0.400 and $0.4150 barrier.
Dogecoin Price May Rise
Dogecoin began stabilizing over $0.320 like Bitcoin and Ethereum. DOGE is climbing from a base over $0.350.

Above $0.3550 and $0.3620 barrier levels. Price rose over the 23.6% Fib retracement of the falling trend from $0.4342 swing high to $0.3400 low. The DOGE/USD hourly chart also broke above a negative trend line with resistance around $0.3670.

Dogecoin is at $0.3750 and the 100-hourly SMA. There's immediate upward resistance at $0.3720.

The next big barrier is $0.3880, the 50% Fib retracement level of the decline from $0.4342 swing high to $0.3400 low. A closing above $0.3880 might push pricing above $0.400. More advances might push the price toward $0.4200. Bulls may target $0.500 next.

Are DOGE Dips Limited?
If DOGE fails to rise over $0.3720, it may fall. Initial downside support is $0.3650. Near $0.3500 is the next important support.

The major support is $0.320. If the price breaks $0.320, it might fall further. In this situation, the price may fall to $0.300 or $0.2950 soon.

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: $0.3650, $0.3500.

Key Resistance Levels: $0.3720, $0.3880.

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