#Dogecoin Eyes Breakout — Can Bulls Take It Further?
$DOGE is showing bullish signs after rebounding from the $0.1950 level against the US Dollar. The price recently broke above $0.2120 and is now trading above $0.2150, holding above the 100-hour simple moving average.
On the hourly chart, a clear bullish trend line is forming with strong support near $0.2150. If DOGE can break past the $0.2250 and $0.2350 resistance levels, another strong upward move could follow.
DOGE Holding Strong Amid Market Gains
As Bitcoin and Ethereum moved higher above $0.2020, DOGE followed with strength — clearing key levels at $0.2120 and $0.2150.
A high was recently formed at $0.2243, and the price is now consolidating above the 23.6% Fibonacci retracement of the move from $0.1956 to $0.2243.
The next immediate hurdle is at $0.2250. If bulls manage to clear it, resistance at $0.2320 and $0.2420 could be tested next. A decisive move above $0.2420 may lead to a breakout toward $0.250 — with further upside targets at $0.2650 and even $0.2780.
What If DOGE Fails to Break $0.2250?
Failure to move above $0.2250 could trigger a short-term pullback. Initial support lies near $0.2175, followed by a stronger zone around $0.2150.
A break below $0.2150 could send DOGE to $0.2100 — the 50% Fib retracement level of the previous uptrend — with further downside targets at $0.2050 and $0.2020.
Technical Overview:
MACD (1h): Gaining strength in the bullish zone
RSI (1h): Holding above 50, showing bullish control
Key Support Levels: $0.2175, $0.2150, $0.2100
Key Resistance Levels: $0.2250, $0.2320, $0.2420
DOGE is at a key decision point — a successful push above resistance could trigger a strong rally, while a rejection may lead to a healthy pullback before the next move.
