14 hour ago
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Dogecoin faces resistance at $0.1280 despite recovery above $0.1200
Dogecoin (DOGE) Recovery and Resistance Levels
- DOGE initiated a recovery from $0.1150, climbing above $0.120.
- The price is trading below $0.130 and the 100-hourly simple moving average.
- A key bearish trend line was breached at $0.1240 resistance.
- Immediate resistance is near $0.1260, with major resistance at $0.1285.
Potential Price Movements
- If DOGE surpasses $0.1330, it might target $0.1420, then possibly $0.150 and $0.1550.
- Failure to overcome $0.1280 could lead to a decline.
- Initial support is at $0.1230, with major support at $0.120 and $0.1150.
- A break below $0.1150 might push the price towards $0.1080 or $0.1050.
Technical Indicators
- Hourly MACD: Losing momentum in the bearish zone.
- Hourly RSI: Above 50, indicating potential upward movement.
- Major Support Levels: $0.1200, $0.1150.
- Major Resistance Levels: $0.1280, $0.1330.
