📊 DOGE's Bullish Indicators Align: Breakout Expected Within 7 Days

Dogecoin rose beyond $0.2420 versus the US Dollar. DOGE is reversing gains and may surge again.

Above $0.2320 and $0.2420, DOGE price rose again.

The price is above $0.2420 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.2460.

Clearing the $0.2550 barrier zone might restart the rise.

Dogecoin Price Rises

Dogecoin price rose after finding support at $0.2220, like Bitcoin and Ethereum. DOGE rose over $0.2350 resistance.

Bulls even broke $0.2420 resistance. However, bears were busy around $0.2550. After reaching $0.2542, the price is correcting. It fell below the 23.6% Fib retracement level of the $0.2227 swing low to $0.2542 high.

Dogecoin is above $0.2450 and the 100-hourly SMA. On the hourly DOGE/USD chart, a positive trend line connects to $0.2460.


Near $0.2550 is immediate upward resistance. Bulls may see first resistance at $0.2620. Near $0.2650 is the next significant resistance. A closing above $0.2680 might push pricing above $0.280. More advances might push the price toward $0.2840. Bulls may halt at $0.30 next.

DOGE Downside Correction?

DOGE may fall again if it fails to get over $0.2550. The trend line and $0.2450 provide first downward support. The next key support is at $0.2385, the 50% Fib retracement level of the upward advance from $0.2227 swing low to $0.2542 high.

The major support is $0.2320. If the price breaks $0.2320, it might fall further. In this circumstance, the price may fall to $0.220 or $0.2120 soon.

Tech Indicators

DOGE/USD hourly MACD is rising in the positive zone.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Key Support Levels: $0.2450, $0.2350.

Major Resistance: $0.2550, $0.2620.

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