Dogecoin Price Sees Upswing With Key Resistance at $0.180
Dogecoin (DOGE) Price Update
- DOGE has started an increase from the $0.1650 zone.
- The price is above $0.170 and the 100-hourly simple moving average.
- A bullish trend line forms with support at $0.1740.
- If DOGE clears the $0.180 resistance, further gains toward $0.185 are possible.
Price Movement Analysis
DOGE recovered above the $0.170 resistance after finding support near $0.1650.
The price passed the 50% Fib retracement level of the prior downward movement.
Immediate resistance is at $0.1780, with major resistance levels identified at:
- $0.1790
- $0.1840
- $0.1880
- $0.1920
- $0.200
Potential Decline Risks
If DOGE fails to surpass $0.1790, it may decline. Key support levels include:
- $0.1740
- $0.1720
- $0.1650 (major support)
A drop below $0.1650 could lead to further declines towards $0.1550 or $0.1450.
Technical Indicators
- MACD for DOGE/USD shows bullish momentum.
- RSI is above the 50 level.