Dogecoin (DOGE) Ready to Rise: Will It?

Dogecoin began a decline against the US Dollar around $0.180. DOGE is rebounding from $0.1420 losses.

After breaking $0.180 barrier, DOGE price fell.
The price is below $0.1650 and the 100-hour SMA.

The hourly DOGE/USD chart shows a negative trend line with resistance at $0.1580.

If it breaks $0.1550 and $0.1580 barrier, the price may rise again.

Dogecoin Price May Rise

After failing to break $0.180 like Bitcoin and Ethereum, Dogecoin fell again. DOGE fell below $0.1720 and $0.1650 supported levels.

Before the bulls emerged, the price fell below $0.1550. After a low of $0.1422, the price is trying to rebound. Price rose over $0.150 barrier. The price rose above the 23.6% Fib retracement of the $0.1790 high-to-$0.1422 low decline.

Dogecoin is below $0.1550 and the 100-hourly SMA. Near $0.1550 is immediate upward barrier. Near $0.1580 is the next significant resistance. The hourly DOGE/USD chart shows a negative trend line with resistance at $0.1580.

A closing above $0.1580 might push pricing above $0.1600. More advances might push the price near $0.1650 or the 61.8% Fib retracement level of the $0.1790 high-to-$0.1422 low decline. Bulls may halt at $0.1720 next.

Another DOGE Drop?
DOGE may fall again if it fails to get beyond $0.1550. Initial negative support is $0.1480. Near $0.1420 is the next important support.

The major support is $0.1400. If the price breaks $0.1400, it might fall lower. The price may fall to $0.1320 or $0.1300 in the short term.

Tech Indicators

DOGE/USD hourly MACD is losing momentum in the negative zone.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Key Support Levels: $0.1480, $0.1420.

Major resistance levels: $0.1550, $0.1580.

#DOGE #Trump #ElonMusk $DOGE