Dogecoin Rises Above $0.20, Eyes Further Gains Beyond $0.2180

Dogecoin (DOGE) Price Movement

  • DOGE price has risen above $0.20, trading over the 100-hourly simple moving average.
  • A bullish trend line is forming with support at $0.1980 on the DOGE/USD hourly chart.
  • Immediate resistance levels are at $0.2085, $0.2120, and $0.2180.
  • Breaking above $0.2180 could lead to further gains towards $0.2320 and potentially $0.250.

Dogecoin Price

Potential Decline

  • If DOGE fails to surpass $0.2120, a downside correction may occur.
  • Support levels are at $0.20, $0.1980, and a key level at $0.1880.
  • A break below $0.1880 could lead to a drop to $0.1720 or $0.1650.

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Below the 50 level.

The market's response will determine Dogecoin's next move, with crucial resistance and support levels influencing its trajectory.