Dogecoin (DOGE) is targeting the $0.150 level: is a rally about to start?

The Dogecoin exchange rate against the US dollar has broken above the key resistance level of $0.1350. Currently, Dogecoin is showing positive signs and there is a possibility of further gains above the $0.1450 resistance level.

The price of DOGE has started to move above the $0.1320 resistance level and continues to move upwards. Currently, the price is trading above $0.1350 while it is also trading above the 100 hourly simple moving average. On the hourly chart of the DOGE/USD pair, there is a key bullish trend line formed with the current support at $0.1420 (data source: Kraken). If the price can break above the $0.1450 and $0.1465 resistance levels, it is likely to gain further upward momentum.