CandleFocus Dogecoin (DOGE) Leaps Higher: Can The Momentum Last?
2024-10-07
Author: Content Editor
The price of Dogecoin (DOGE) is recovering from its decline and showing positive signs. It has surpassed several resistance levels and is now trading above the $0.1120 level and the 100-hourly simple moving average. The immediate resistance is near the $0.1165 level, and if it breaks that, it could potentially reach the $0.1240 resistance. However, if it fails to climb above $0.1165, it may start another decline with support levels at $0.1120 and $0.1080. The main support sits at $0.1080, and a break below that could lead to further decline towards $0.1020 or even $0.0980. The technical indicators, MACD and RSI, are both in bullish territory.
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