Can bulls drive Dogecoin (DOGE) higher?
Dogecoin is stabilizing over $0.1320 vs the USD. DOGE must break $0.1425 to grow again.
From $0.1500 barrier, DOGE price fell.
The price is below $0.1420 and the 100-hour SMA.
The hourly DOGE/USD chart shows a negative trend line with resistance at $0.1425.
The price may rise if it breaks $0.1425 and $0.1450 barrier.
Dogecoin Price May Rise
From $0.1500 resistance, Dogecoin price fell. DOGE fell below $0.1450 and $0.1420. Like Bitcoin and Ethereum, the price is rebounding from a $0.1330 low.
Moved over $0.1350 and $0.1380 resistance levels. The price broke the 50% Fib retracement barrier of the $0.1482 swing high to $0.1330 low. However, bears are aggressive at $0.1425 resistance.
The hourly DOGE/USD chart shows a negative trend line with resistance at $0.1425. The trend line approaches the 61.8% Fib retracement level of the $0.1482 swing high to $0.1330 low decline.
Dogecoin is below $0.1420 and the 100-hourly SMA. Near $0.1425 is immediate upward resistance. Near $0.1450 is the next big resistance.
A closing above $0.1450 might push pricing into $0.1500. More advances might push the price toward $0.1550. Bulls may halt at $0.1585 next.
Another DOGE Drop?
DOGE may fall again if it fails to get beyond $0.1425. Near $0.1365 is first downward support. Near $0.1350 is the next key support.
The major support is $0.1320. If the price breaks $0.1320, it might fall further. The price may fall to $0.1250 or $0.1220 in the short term.
Tech Indicators
Hourly MACD - DOGE/USD MACD is losing bullish momentum.
Hourly RSI (Relative Strength Index): DOGE/USD is at 50.
Key Support Levels: $0.1365, $0.1320.
Key Resistance Levels: $0.1425, $0.1450.
