Dogecoin (DOGE) is gaining momentum and breaking past the $0.1350 barrier against the US Dollar. It's showing signs of potentially breaking the next resistance levels at $0.1450 and $0.1465.
The price recently rose above $0.1320 and is now sitting above $0.1350 and the 100-hour simple moving average (SMA). A bullish trend line with support at $0.1420 is visible on the hourly DOGE/USD chart. If it continues upward, it may break through the $0.1450 and $0.1465 resistance levels.
**Dogecoin Price Forecast**
DOGE is seeing growth after pushing past the $0.1200 resistance level, outperforming Bitcoin and Ethereum. It climbed over $0.1350 and $0.1400, reaching a high of $0.1467 before a slight pullback. The price dipped below $0.1420 but found support around $0.1350.
Currently, bulls are still active above $0.1350, and the hourly chart shows strong support at $0.1420. Resistance is near $0.1465, followed by another level at $0.1480. If DOGE closes above $0.1480, it could rise toward $0.1520 or even $0.1550, with further gains potentially reaching $0.1585.
**Will DOGE Fall Again?**
If Dogecoin struggles to break past the $0.1465 resistance, it could see a drop. The first support level is at $0.1420, followed by $0.1400. The key support lies around $0.1335, which is the 50% Fibonacci retracement level of the rise from $0.1206 to $0.1467. A break below this could push the price down to $0.1250 or $0.1220.
**Technical Indicators:**
- The hourly MACD for DOGE/USD is showing a positive trend.
- The RSI (Relative Strength Index) is above 50, indicating some strength.
- Key support levels: $0.1420, $0.1335.
- Key resistance levels: $0.1465, $0.1500.#Write2Earn! #doge⥠#Write2Earn! #DogecoinCommunity #Write2Earn!
