DOGE Holds Above Support: Can It Gain Momentum?

Dogecoin tested $0.30 versus the US Dollar. DOGE is consolidating and may gain if it breaks $0.3165.

The DOGE price fell again near $0.300.
The price is below $0.320 and the 100-hour SMA.

On the hourly DOGE/USD chart, a negative trend line connects to $0.3165 barrier.

Price may gain momentum if it breaks $0.3165 and $0.320 barrier.

Dogecoin Price Gains Support

Like Bitcoin and Ethereum, Dogecoin fell from over $0.3350. Below $0.3250 and $0.320 support, DOGE traded. Spiked below $0.3120.

After a low of $0.3081, the price is consolidating losses. Recovery lifted it above $0.3150. It challenged the 23.6% Fib retracement of the down move from $0.3427 swing high to $0.3081 low.

Dogecoin is below $0.320 and the 100-hourly SMA. Near $0.3165 is immediate upward resistance. On the hourly DOGE/USD chart, a negative trend line connects to $0.3165 barrier.

Bulls may encounter their first significant barrier at $0.3250 or the 50% Fib retracement level of the decline from $0.3427 swing high to $0.3081 low.

Near $0.3295 is the next significant resistance. A closing above $0.3295 might push pricing above $0.350. More advances might push the price toward $0.3680. Bulls may halt at $0.40 next.

Another DOGE Drop?

DOGE may fall again if it fails to get over $0.3165. Initial downside support is $0.3120. Near $0.3080 is the next important support.

The major support is $0.30. If the price breaks $0.300, it might fall further. The price may fall to $0.2850 or $0.2620 in the short term.

Key Support Levels: $0.3080, $0.3000.

Key Resistance Levels: $0.3165, $0.3250.

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