Dogecoin (DOGE) Eyes Breakout: Could an Upside Rally Spark Full-On Recovery? 🐕
Dogecoin commenced a fresh upward trend from the $0.1500 region against the US Dollar, stabilizing around $0.1550. The price is now hovering above $0.1580 and the 100-hourly simple moving average. A short-term bullish trend line with support at $0.1590 indicates potential further gains if DOGE clears the $0.1650 resistance zone.
However, after failing to breach $0.1640, the price declined towards $0.1550, suggesting bearish pressure below critical support levels. A sustained close above $0.1650 might propel DOGE to new highs, while a downside break could see the price revisit $0.1500 or lower.
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