Dogecoin (DOGE) Bulls Aim to Clear $0.10: Will It Happen?

Sep 9, 2024 06:00 am Cryptocurrency 32

Dogecoin started a recovery wave from the $0.0888 zone against the US Dollar. DOGE is rising and might even clear the $0.100 resistance zone.

DOGE price is aiming for a fresh increase above $0.100.

The price is trading above the $0.0950 level and the 100-hourly simple moving average.

There was a break above a connecting bearish trend line with resistance at $0.0955 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could gain bullish momentum if it clears the $0.0980 and $0.100 levels.

Dogecoin Price Eyes Sustained Gains

After a major decline, Dogecoin price found support near the $0.0888 zone. The price formed a base and recently started a recovery wave like Bitcoin and Ethereum. There was a move above the $0.0920 and $0.0935 resistance levels.

The price cleared the 50% Fib retracement level of the downward ..

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