DOGE Soars 50% Instantly: Is There More Gain?

Dogecoin surged beyond $0.220 US Dollar barrier. DOGE is up over 50% and exhibiting indications of growth.

DOGE price rallied like Bitcoin and broke $0.220 barrier.

The price is above $0.2800 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.280.


Dogecoin price surged after reclaiming $0.200 barrier like Bitcoin and Ethereum. Above $0.2200 and $0.250 barrier levels, DOGE gained momentum.

Above $0.3000, the pair rose. The price set a high of $0.3036 and is stabilizing above the 23.6% Fib retracement line of the upward trend from the $0.2013 swing low. The hourly DOGE/USD chart shows a bullish trend line with support at $0.280.

Dogecoin is above $0.2880 and the 100-hourly SMA. Near $0.300 is immediate upward resistance. Near $0.3050 is the next significant resistance.


A closing above $0.3050 might push pricing above $0.3120. More advances might push the price toward $0.34500. Bulls may target $0.350 next.

Are DOGE Dips Limited?
DOGE's price may fall if it fails to break $0.3050. The trend line and $0.280 provide first negative support. Near $0.2680 is the next important support.

The 50% Fib retracement level of the upward advance from the $0.2013 swing low to the $0.3036 high is $0.2550, the key support. If the price breaks $0.2550, it might fall further. The price may fall to $0.2420 or $0.2350 in the short term.

Tech Indicators

DOGE/USD hourly MACD is rising in the positive zone.

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

Key Support Levels: $0.280, $0.2680.

Major resistance levels: $0.3000, $0.3050.

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