NewsBTC
22 April 2025
10 0

Dogecoin Aims for Breakout Above $0.1650 Resistance Level

Dogecoin (DOGE) is experiencing volatility, starting an upward movement from the $0.1500 range but facing resistance at $0.1640.

  • DOGE price increased above $0.1550 and is currently trading above $0.1580 and the 100-hourly moving average.
  • A short-term bullish trend line is forming with support at $0.1590.
  • If DOGE breaks above the $0.1650 resistance, it may aim for $0.1720 or $0.1780.

Current Price Action

After failing to clear $0.1640, DOGE declined below $0.1620 and $0.1600. The price dipped near $0.1550, with a low of $0.1558, before correcting slightly. Immediate resistance is at $0.1620, with significant levels at $0.1640 and $0.1650.

Dogecoin Price

Potential Downside Risks

If DOGE does not surpass $0.1620, it may decline further. Key support levels are:

  • $0.1590
  • $0.1565
  • $0.1550

A break below $0.1550 could lead to prices falling toward $0.1500 or $0.1450.

Technical indicators show a bullish MACD momentum and an RSI above 50.