Dogecoin started a decent increase above $0.1050 against the US Dollar. DOGE 
is now consolidating and might aim for an upside break above $0.1150. DOGE 
price started a fresh increase above $0.1150 and $0.120. The price is trading 
above the $0.1085 level and the 100-hourly simple moving average. There is a 
bullish trend line forming with support at $0.1085 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 $0.1150. Dogecoin Price Climbs Above 
$0.1120 Dogecoin price started a fresh increase after it settled above $0.10, 
like Bitcoin and Ethereum. DOGE climbed above the $0.1050 resistance to enter 
a positive zone. The bulls were able to push the price above $0.1120. A high 
was formed at $0.1137 and the price is now consolidating above the 23.6% Fib 
retracement level of the upward move from the $0.1009 swing low to the $0.1137 
high. Dogecoin price is now trading above the $0.1100 level and the 100-hourly 
simple moving average. There is also a bullish trend line forming with support 
at $0.1085 on the hourly chart of the DOGE/USD pair. If there is another 
increase, immediate resistance on the upside is near the $0.1135 level. The 
first major resistance for the bulls could be near the $0.1150 level. The next 
major resistance is near the $0.120 level. A close above the $0.120 resistance 
might send the price toward $0.1220. Any more gains might send the price 
toward $0.1250. The next major stop for the bulls might be $0.1320. Another 
Decline In DOGE? If DOGE’s price fails to climb above the $0.1150 level, it 
could start a downside correction. Initial support on the downside is near the 
$0.1100 level. The next major support is near the $0.1085 level or the trend 
line. The main support sits at $0.1075 and the 50% Fib retracement level of 
the upward move from the $0.1009 swing low to the $0.1137 high. If there is a 
downside break below the $0.1075 support, the price could decline further. In 
the stated case, the price might slide toward the $0.1020 level or even $0.10 
in the near term. 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 – 
$0.1085 and $0.1075 Major Resistance Levels – $0.1135 and $0.1150.

Dogecoin (DOGE) Lifts Further, Momentum Points To More Gains

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Dogecoin (DOGE) Lifts Further, Momentum Points To More Gains

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