Dogecoin Price Surges Above $0.2150, Eyes $0.2250 Resistance

Dogecoin (DOGE) Update

  • DOGE initiated an increase from the $0.1950 zone, surpassing key resistance levels of $0.2120 and $0.2150.
  • The price is currently above $0.2150 and the 100-hour moving average.
  • A bullish trend line forms with support at $0.2150 on the hourly chart.
  • Immediate resistance is at $0.2250; further resistance levels are at $0.2320 and $0.2420.
  • A close above $0.2420 could target $0.250 and $0.2650.
  • If DOGE fails to exceed $0.2250, it may decline towards initial support levels at $0.2175 and $0.2150.
  • Key support is at $0.210, which aligns with the 50% Fib retracement level from recent price movements.
  • Technical indicators show MACD gaining momentum in a bullish zone and RSI above 50.

For reference, see the price chart below:

Dogecoin Price