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.