Dogecoin Rockets to $0.20 — Could Higher Peaks Be Next?
Dogecoin rose beyond $0.180 versus the US Dollar again. DOGE is consolidating and may rise over $0.20.
Above $0.1750 and $0.180, DOGE price rose again.
The price is above $0.1880 and the 100-hour SMA.
The hourly DOGE/USD chart shows a bullish trend line with support at $0.1910.
If it breaks $0.1980 and $0.20 barrier, the price may rise.
Dogecoin Price Expects Growth
Dogecoin, like Bitcoin and Ethereum, rose from $0.1750. DOGE broke $0.180 and $0.1880 barrier.
Bulls broke $0.1920 barrier. Finally, the price approached $0.20. The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $0.1660 swing low to the $0.1992 high.
Dogecoin is above $0.1880 and the 100-hourly SMA. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1910.
Near $0.1980 is immediate upward resistance. Bulls may see first resistance at $0.20. Near $0.2050 is the next significant resistance. A closing above $0.2050 might push pricing above $0.220. More advances might push the price toward $0.2320. Bulls may target $0.250 next.
DOGE Downside Correction?
If DOGE fails to rise over $0.20, it may fall. The trend line or $0.1910 level provides first downward support. Next key support is approaching $0.1820, the 50% Fib retracement level of the upward run from $0.1660 swing low to $0.1992 high.
The major support is $0.1780. If the price breaks $0.1780, it might fall further. The price may fall to $0.1750 or $0.1720 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: $0.1910, $0.1880.
Major resistance levels: $0.1980, $0.2000.
