CandleFocus Dogecoin (DOGE) Shows Renewed Energy: Rally Incoming?
2024-11-22
Author: Content Editor
Dogecoin has been consolidating its gains above the $0.380 resistance level against the US Dollar. The cryptocurrency has cleared several resistance levels and is now trading above the $0.3750 level and the 100-hourly simple moving average. The immediate resistance level is around $0.3950, followed by $0.400 and $0.4080. If the price continues to rise, it could reach $0.4500 and even $0.500. On the other hand, if it fails to climb above $0.400, a downside correction may occur with initial support at $0.3850 and the main support at $0.3550. Technical indicators such as the MACD and RSI suggest a bullish momentum for Dogecoin.
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