๐๐๐ #Dogecoins Price Prediction โ DOGE Pump To $0.12 Seems Imminent
Dogecoin is displaying upward momentum above the $0.085 threshold against the US Dollar, potentially signaling a fresh rally beyond key resistance levels at $0.088 and $0.095.
Get Reward ๐ฅ ๐ฐ๐ธ๐ฅ
The #cryptocurrency is demonstrating positive indicators above the $0.085 mark against the US dollar. Trading activities have propelled its value above the $0.0865 level and the 100 simple moving average over a four-hour period.
On the 4-hour chart of the DOGE/USD pair, a significant breakthrough occurred as a crucial contracting triangle resistance at $0.0820 was breached. Additionally, the price surpassed the $0.0850 resistance level, albeit with less intensity compared to Bitcoin and Ethereum. The recent surge culminated in a peak near $0.0883, after which the price stabilized.
Presently, DOGE maintains a position above the 23.6% Fibonacci retracement level of its recent uptick from the $0.0795 swing low to the $0.0883 high. Furthermore, it remains above the $0.0865 level and the 100 simple moving average (4 hours).
However, encountering resistance near the $0.0880 level, the next significant hurdle lies at $0.0920. A decisive breakthrough above $0.0920 could propel the price towards the $0.095 resistance, with further gains possibly targeting the $0.100 level and beyond, reaching as high as $0.120.
Conversely, failure to establish momentum above $0.0880 may prompt a downward correction. Initial support rests around the $0.0860 level, followed by a major support zone near $0.0840 or the 50% Fibonacci retracement level from the recent .
