DOGE Unleashed: Meme Coin Eyes Major Breakout

From $0.220 versus the US Dollar, Dogecoin rose. DOGE is increasing and may reach $0.2650.

Above $0.220 and $0.2320, DOGE price rose again.
The price is above $0.2350 and the 100-hour SMA.

The hourly DOGE/USD chart shows a bullish trend line with support at $0.2350.
If price breaks $0.2450 barrier, it might rise again.

Price of Dogecoin To Rise

Dogecoin price rose after finding support at $0.2170, like Bitcoin and Ethereum. DOGE rose over $0.2250 resistance.

Bulls even broke the 50% Fib retracement barrier of the decline from $0.2531 swing high to $0.2173 low. On the hourly DOGE/USD chart, a positive trend line connects to $0.2350.

Dogecoin is above $0.2350 and the 100-hourly SMA. Near $0.240 is immediate upward resistance.

Bulls may encounter their first significant barrier at $0.2440, the 76.4% Fib retracement level of the decline from $0.2531 swing high to $0.2173 low. Near $0.2530 is the next significant resistance. A closing above $0.2530 might push pricing above $0.2650. More advances might push the price toward $0.2720. Bulls may halt at $0.2850 next.

Another DOGE Drop?
DOGE may fall again if it fails to get over $0.2440. Initial downside support is $0.2350. Near $0.2250 is the next important support.

The major support is $0.2150. If the price breaks $0.2150, it might fall further. The price may drop to $0.20 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.

Key Support Levels: $0.2350, $0.2250.

Major Resistance: $0.2440, $0.2530.

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