Dogecoin (DOGE) Turns Attractive—Bulls Aim Key Upside Break And Gains

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Reason to trust How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin corrected some gains from the $0.0985 zone against the US Dollar. DOGE is now holding the $0.0950 support and might aim for a fresh upside. - DOGE price started a fresh downside correction below $0.0965. - The price is trading above the $0.0950 level and the 100-hourly simple moving average. - There is a bullish trend line forming with support at $0.0955 on the hourly chart of the DOGE/USD pair (data source from Kraken). - The price could aim for a fresh increase if it remains stable above $0.0950. Dogecoin Price Holds Support Dogecoin price started a downside correction after it failed to surpass $0.0985, like Bitcoin and Ethereum. DOGE declined below the $0.0980 and $0.0970 levels. There was a move below the 50% Fib retracement level of the upward move from the $0.0936 swing low to the $0.0985 high. The price even spiked below $0.0955 before the bulls appeared. Dogecoin price is now trading above the $0.0950 level and the 100-hourly simple moving average. Besides, there is a bullish trend line forming with support at $0.0955 on the hourly chart of the DOGE/USD pair. Immediate resistance on the upside is near the $0.0980 level. The first major resistance for the bulls could be near the $0.0985 level. The next major resistance is near the $0.10 level. A close above the $0.10 resistance might send the price toward $0.1120. Any more gains might send the price toward $0.1150. The next major stop for the bulls might be $0.120. Downside In DOGE? If DOGE’s price fails to climb above the $0.0980 level, it could continue to move down. Initial support on the downside is near the $0.0955 level and the trend line. It is close to the 61.8% Fib retracement level of the upward move from the $0.0936 swing low to the $0.0985 high. The next major support is near the $0.0950 level. The main support sits at $0.0920. If there is a downside break below the $0.0920 support, the price could decline further. In the stated case, the price might slide toward the $0.0880 level. Any more losses might call for a test of $0.0850. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.0950 and $0.0920. Major Resistance Levels – $0.0980 and $0.0985.

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