DOGE Shows Bullish Signs—Is a Major Rally Coming?

From $0.1650 versus the US Dollar, Dogecoin rose. DOGE is increasing and may reach $0.185.

Above $0.170 and $0.172, DOGE price rose again.
The price is above $0.1750 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.1740.

If it breaks $0.180, the price might rise again.

Price of Dogecoin To Rise

Like Bitcoin and Ethereum, Dogecoin price rose after finding support at $0.1650. DOGE rose over $0.170 resistance.

Bulls even broke the 50% Fib retracement barrier of the decline from $0.1843 swing high to $0.1642 low. On the hourly DOGE/USD chart, a positive trend line connects to $0.1740.

Dogecoin is above $0.1750 and the 100-hourly SMA. Near $0.1780 is immediate upward resistance.

Bulls may encounter their first significant barrier at $0.1790, the 76.4% Fib retracement level of the decline from $0.1843 swing high to $0.1642 low. Near $0.1840 is the next significant resistance. A closing above $0.1840 might push pricing above $0.1880. More advances might push the price toward $0.1920. Bulls may halt at $0.200 next.

Another DOGE Drop?

DOGE may fall again if it fails to get over $0.1790. Initial negative support is $0.1740. Near $0.1720 is the next important support.

The major support is $0.1650. If the price breaks $0.1650, it might fall lower. In this circumstance, the price may fall to $0.1550 or $0.1450 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: $0.1740, $0.1720.

Key Resistance Levels: $0.1790, $0.1850.

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