Dogecoin holds $0.1420 support, eyes potential rise above $0.1450

Dogecoin (DOGE) Market Update:

  • DOGE corrected downwards from $0.1510, trading below $0.1450.
  • It holds support at $0.1420 and remains above the 100-hourly SMA.
  • A bullish trend line is forming with support at $0.1420 (Kraken data).
  • If DOGE maintains stability above $0.1400, a fresh increase is possible.
  • Resistance levels are at $0.1450, $0.1500, and $0.1510.
  • A close above $0.1510 could push price to $0.1550 or higher.

Dogecoin Price

Downside Risks:

  • If DOGE fails to surpass $0.1450, further decline may occur.
  • Initial supports: $0.1420, $0.1410, and $0.1350.
  • A break below $0.1350 could lead to prices dropping to $0.1320 or $0.1305.

Technical Indicators:

  • Hourly MACD: Bearish momentum is gaining.
  • Hourly RSI: Below 50, indicating a potential bearish trend.