DOGE Unleashed: Meme Coin Aims for a Major Surge

From $0.220 against the US Dollar, Dogecoin has risen. DOGE is increasing and could reach $0.2650.

Above $0.220 and $0.2320, the price of DOGE has risen again.

The price is above $0.2350 and the 100-hour SMA.

The hourly chart of DOGE/USD shows an upward trend line with support at $0.2350.

If the price breaks the barrier of $0.2450, it could rise again.

Dogecoin Price to Increase

The price of Dogecoin rose after finding support at $0.2170, just like Bitcoin and Ethereum. DOGE surpassed the resistance at $0.2250.

The bulls even broke the 50% Fibonacci retracement barrier from the drop from the high of $0.2531 to the low of $0.2173. On the hourly chart of DOGE/USD, a positive trend line connects at $0.2350.

Dogecoin is above $0.2350 and the 100-hour SMA. Near $0.240 there is immediate resistance upwards.

The bulls may find their first significant barrier at $0.2440, the 76.4% Fibonacci retracement level from the drop from the high of $0.2531 to the low of $0.2173. Near $0.2530 is the next significant resistance. A close above $0.2530 could push the price above $0.2650. Further advances could push the price towards $0.2720. The bulls may stop at $0.2850 next.

Another DOGE Drop?

DOGE could fall again if it fails to break through $0.2440. The initial downside support is $0.2350. Near $0.2250 is the next important support.

The main support is $0.2150. If the price breaks $0.2150, it could drop further. The price could fall to $0.20 or $0.1880 in the short term.

Technical Indicators

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

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

Key Support Levels: $0.2350, $0.2250.

Major Resistance: $0.2440, $0.2530.$DOGE