DOGE has gained more than 5% in the past 24 hours. Moreover, the price is currently trading above the 100-day moving average and the bullish momentum on the 4-hour timeframe is very strong.

The MACD indicator on the 4-hour timeframe is showing an uptrend. This is because both the MACD line and the MACD signal, which are trending below the zero line, have crossed, moving towards the MACD zero line.  

If the MACD line and the MACD signal line successfully cross the MACD zero line, Dogecoin could move higher and create new highs. Meanwhile, the MACD histogram has been trending above the zero line, which indicates bullish momentum.

The Relative Strength Index (RSI) on the 4-hour timeframe is also showing bullish momentum to the upside as the RSI signal line has crossed above the 50% level and is heading towards the overbought region. According to the RSI indicator, the upside momentum remains very strong as buyers are still very active in the market.

Potential Pullback on the Downside

Given the previous surge in the price, the two major resistance levels and one major support level are located near $0.22960, $0.2244, and $0.19622. If the price of DOGE manages to break above the $0.22441 resistance level, it could move further up towards the $0.22960 resistance level.  

At this point, if the price succeeds in breaking above this level, the price could surge and create new highs. On the other hand, if the price fails to break above this resistance level, the price could start a new downtrend towards the previous support level of $0.19622. A break below the $0.19622 level could start a new downtrend. #DOGE