Dogecoin Price Rises Above $0.150 Amid Bullish Trend

Dogecoin (DOGE) has shown a steady increase above $0.150 against the US Dollar.

  • DOGE price rose above key levels at $0.1450 and $0.150, trading above the 100-hourly simple moving average.
  • A bullish trend line supports the price at $0.1490 on the hourly chart.
  • DOGE is consolidating gains with potential further increases if it stays stable above $0.1480.
  • Resistance levels are seen at $0.1565, $0.160, and $0.1620, possibly pushing towards $0.1685 and $0.1740.
  • Support levels are at $0.1510 and $0.1480, with major support at $0.1450.
  • If DOGE drops below $0.1450, it might decline to $0.1380 or $0.1330.

Technical indicators:

  • Hourly MACD shows declining momentum in the bullish zone.
  • Hourly RSI is above 50, indicating potential strength.