⚡ Dogecoin Ignites Bullish Momentum Is a Bigger Breakout Ahead?
$DOGE surged from $0.1950 against the US Dollar and is now consolidating, eyeing a push above $0.2250. Staying above $0.2120 has kept the bullish tone intact, with price trading above $0.2150 and the 100 hour SMA.
📈 Bullish Setup
The hourly $DOGE /USD chart shows a rising trend line with support at $0.2150. A decisive move above $0.2250 could open the door for a rally towards $0.2320, then $0.2420. A close above $0.2420 might spark further gains to $0.250 and possibly $0.2650 – $0.2780 if momentum builds.
📉 Downside Risk
If DOGE fails to clear $0.2250, initial support lies at $0.2175, followed by $0.2150. A break below the 50% Fib retracement level at $0.2100 could send the price towards $0.2050 or even $0.2020 in the short term.
📊 Technical Indicators
MACD: Bullish momentum in the positive zone
RSI: Above 50, favoring buyers
Key Supports: $0.2175, $0.2150
Major Resistances: $0.2250, $0.2320
