Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance.
$DOGE price started a fresh increase above $0.350 and $0.3650.
The price is trading above the $0.370 level and the 100-hourly simple moving average.
There was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could gain momentum if it clears the $0.3880 and $0.3920 resistance levels.
Dogecoin Price Holds Support:
Dogecoin price started a fresh increase from the $0.3120 support, like Bitcoin and Ethereum.
DOGE was able to surpass the $0.3350 resistance and $0.350. It even cleared the $0.3880 level before there was a downside correction.
A low was formed at $0.3750 and the price is now rising. There was a move above the $0.380 resistance. Besides, there was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair.
Data from:
https://www.tradingview.com/news/newsbtc:46f3400ed094b:0-dogecoin-doge-bulls-flex-strength-momentum-builds-for-next-move/
