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Jakarta, Pintu News – Dogecoin (DOGE) has recently shown a significant increase, crossing the $0.150 mark against the US Dollar. Currently, DOGE is consolidating and may see a decline if it trades below $0.1450.
Dogecoin (DOGE) started a sharp rise after breaking above $0.1320, following in the footsteps of Bitcoin (BTC) and Ethereum (ETH). DOGE managed to cross the $0.140 resistance and entered the positive zone. The market bulls were able to push the price past $0.150. The price peak was recorded at $0.1541 and now the price is undergoing a correction. There is a movement towards the 23.6% Fibonacci retracement level of the rise from $0.1156 to $0.1541.
Also Read: Bitcoin (BTC) Prepares for a Surge: Potential Rise to $104,000 in the Near Future?

Currently, the Dogecoin (DOGE) price is trading above $0.150 and the 100-hourly simple moving average. In addition, there is a bullish trend line formed with support at $0.150 on the hourly chart of the DOGE/USD pair. In case of another increase, the immediate resistance on the upside is near $0.1540. The first major resistance for the bulls might be near $0.1550.
The next major resistance is near $0.1620. A close above the $0.1620 resistance will probably push the price towards $0.1750. A further increase will probably send the price towards $0.180, with the next major stop for the bulls probably at $0.1840.
If the price of Dogecoin (DOGE) fails to rise above $0.1550, a downward correction may begin. Initial support on the downside is close to $0.150 and the trend line. The next major support is close to $0.145. Major support is located at $0.1420. In case of a downward break below the $0.1420 support, the price could drop further. In that case, the price may slide towards $0.1350 or even $0.1320 in the near term.
Dogecoin (DOGE) is showing resilience in its uptrend, supported by positive sentiment in the crypto market in general. Market watchers should continue to monitor the mentioned support and resistance levels to take informed trading decisions.
Also Read: New Record! Ethereum Records $8 Trillion Worth of Stablecoin Transactions
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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