Dogecoin (DOGE) Shows Renewed Energy: Rally Incoming?

Nov 22, 2024 06:00 am Cryptocurrency 135

Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400.

DOGE price started a fresh increase above the $0.3750 resistance level.

The price is trading above the $0.3800 level and the 100-hourly simple moving average.

There was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could continue to rally if it clears the $0.400 and $0.4080 resistance levels.

Dogecoin Price Eyes More Upsides

Dogecoin price remained supported above the $0.350 level and recently started a fresh increase like Bitcoin and Ethereum. DOGE was able to clear the $0.3650 and $0.3750 resistance levels.

The price climbed above the 50% Fib retracement level of the downward move from the $0.4208 swing high to the $0.3652 low. ..

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