Dogecoin (DOGE) suddenly skyrocketed on April 22, with the USD exchange rate strongly taking off from $0.1500, breaking through the $0.1550 mark! The current price is above $0.1580, the 100-hour moving average is firmly beneath, and the bullish army is gathering firepower, aiming at the key resistance of $0.1650!
Technical Explosion Signal
Golden Trend Line Appears on Hourly Chart: DOGE/USD forms strong support at $0.1590, Kraken data shows that if this 'rocket launch pad' holds, the price will soar!
Fibonacci Magic in Action: The 76.4% retracement level ($0.1620) and the 50% retracement level ($0.1600) have become stepping stones for bulls, breaking $0.1640 will trigger a FOMO frenzy!
MACD+RSI Dual Engine Ignition: MACD momentum bars turn red, RSI breaks through the strong zone at 50, technical indicators collectively signal: 'The bull is here!'
Surge Target Level
First Stop: $0.1650 (Breakthrough Confirms Bull Market 2.0)
Second Stop: $0.1720 (Short Squeeze Fuel Depot)
Ultimate Carnival: $0.1800 (2025 New High is Just Around the Corner!)
If it fails to break through $0.1620, it may short-term retrace to the $0.1590 support. However, the consensus in the Dogecoin community is invincible, and $0.1550 is the 'diamond bottom', with a very low probability of breaking below!
As Musk's X platform accelerates the integration of cryptocurrency payments, Dogecoin, as the 'king of meme coins', continues to see fundamental upgrades! Not buying DOGE now is like missing Bitcoin at $0.05! Keep a close eye on the $0.1650 breakout signal, the battle between bulls and bears is about to begin!
