CandleFocus Dogecoin (DOGE) Bulls Aim to Clear $0.10: Will It Happen?
2024-09-09
Author: Content Editor
Dogecoin has started to recover from its recent decline and is showing signs of clearing the $0.100 resistance level. The price found support near $0.0888 and has formed a base. It has since surpassed resistance levels at $0.0920 and $0.0935. The price is now trading above the $0.0950 level and the 100-hourly moving average. The immediate resistance is at $0.0970, followed by $0.0995. If the price successfully breaks above $0.0995, it could reach $0.1050 and potentially even $0.1150 or $0.1200. However, if the price fails to surpass $0.0995, it could start to decline with support levels at $0.0938 and $0.0900. The main support is at $0.0880, and if that level is broken, the price could decline further towards $0.0850 or even $0.0835. The technical indicators, MACD and RSI, are both showing bullish signals.
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