DOGE Rockets Ahead: Will the Rally Hold?
Dogecoin is up 20% and beyond $0.1650 vs the US Dollar. DOGE must break $0.1780 to rise.
Above $0.1500 obstacle, DOGE price rose sharply.
The price is above $0.1650 and the 100-hour SMA.
The DOGE/USD hourly chart shows a bullish trend line with support around $0.1715.
The price may climb if it breaks $0.1780 and $0.1800 barrier.
Dogecoin Price Expects Growth
Dogecoin surged beyond $0.1450 and $0.150 barrier. DOGE rose 20%, topping Bitcoin and Ethereum. Bulls pushed price over $0.1650 barrier.
Price is holding gains after hitting $0.1796. It maintains advances above $0.1720. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1715. The trend line is far above the 23.6% Fib retracement level of the $0.1275 swing low to $0.1794 high upward rise.
Dogecoin is above $0.1650 and the 100-hourly SMA. Near $0.1765 is immediate upward resistance. Near $0.1780 is the next big resistance.
A closing above $0.1780 might push pricing above $0.1800. More advances might push the price toward $0.1850. Bulls may halt at $0.2000 next.
Does DOGE Support Dips?
DOGE may fall again if it fails to get beyond $0.1780. The trend line and $0.1715 level provide first downward support. Near $0.1675 is the next important support.
The major support is $0.1630. If the price breaks $0.1630, it might fall lower. The price may fall to $0.1500 or $0.1420 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.
Major Support Levels: $0.1715, $0.1675.
Key Resistance Levels: $0.1780, $0.1800.
