Dogecoin (DOGE) Plots Comeback—Is The Meme Coin Gearing Up for a Move? 🐶
Dogecoin has seen a fresh decline below the $0.1720 mark against the US Dollar, testing $0.1650 before attempting a comeback towards $0.180. The DOGE price is trading above the $0.170 level coupled with a bullish trend line forming around the $0.1680 support on the DOGE/USD hourly chart. A potential bullish momentum is on the horizon if it clears resistance levels of $0.1750 and $0.1800.
Despite the decline, Dogecoin's price is showing signs of recovery as it has moved above the $0.1680 mark and the 100-hourly simple moving average. The next major resistance levels are $0.1780 and $0.1800, overcoming which could propel the price toward $0.1850 and possibly $0.2000. However, if unable to break $0.1755, DOGE may see more losses.
Source: www.newsbtc.com ↗
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