The price of Dogecoin (DOGE) has been rising and has broken above the 21-day SMA for the second time, reversing its recent decline. The altcoin is currently range-bound between $0.35 and $0.45, with resistance at $0.42 slowing its upward movement. The price is trapped between the moving average lines, and it will rise or fall depending on whether the 21-day or 50-day SMAs are breached. Key resistance levels are at $0.45 and $0.50, while key support levels are at $0.30 and $0.25. On the 4-hour chart, DOGE is approaching the resistance level of $0.42 and will continue trading within a range if it is rejected. This analysis is the personal opinion of the author and not a recommendation to buy or sell cryptocurrency.



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