DOGE Trails as Solana’s Floki and Bonk Post Double-Digit Rallies
Dogecoin rose beyond $0.20 versus the US Dollar again. DOGE is consolidating and may rise over $0.2120.
DOGE renewed its rise over $0.1880 and $0.20.
The price is above $0.20 and the 100-hour SMA.
The hourly DOGE/USD chart shows a bullish trend line with support at $0.2060.
If it breaks $0.2120 and $0.2180 resistance, the price may rise.
Dogecoin Price Expects Growth
Dogecoin, like Bitcoin and Ethereum, rose from $0.1880. DOGE broke $0.1950 and $0.200 barrier.
Bulls broke $0.2120 barrier. Finally, the price approached $0.2220 resistance. Price is correcting after hitting $0.2205 high. The upward run from the $0.1885 swing low to the $0.2205 high fell below the 23.6% Fib retracement line.
Dogecoin is above $0.2020 and the 100-hourly SMA. The hourly DOGE/USD chart shows a bullish trend line with support at $0.2060.
Near $0.2120 is immediate upward barrier. Bulls may see first resistance at $0.2150. Near $0.2220 is the next significant resistance. A closing above $0.2220 might push pricing toward $0.2320. More advances might push the price toward $0.250. Bulls may halt at $0.2650 next.
DOGE Downside Correction?
DOGE's price may fall if it fails to break $0.2120. The trend line or $0.2060 level provides first downward support. The next key support is approaching $0.2040, the 50% Fib retracement level of the upward run from $0.1885 swing low to $0.2205 high.
The major support is $0.20. If the price breaks $0.20, it might fall further. The price may fall to $0.1950 or $0.1880 in the short term.
Tech Indicators
DOGE/USD hourly MACD is rising in the positive zone.
Hourly RSI (Relative Strength Index): DOGE/USD is over 50.
Major Support Levels: $0.2060, $0.20.
Major resistance levels: $0.2120, $0.2220.
