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Dogecoin is up over 100% against the US Dollar. DOGE rallied toward the $0.20 resistance and might continue to rise toward the $0.225 resistance. 
<ul> 
 <li>DOGE extended its rally above the $0.150 resistance against the US dollar.</li> 
 <li>The price is trading above the $0.180 level and the 100 simple moving average (4 hours).</li> 
 <li>There is a connecting bullish trend line forming with support at $0.1620 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could extend its rally above the $0.200 and $0.2120 resistance levels.</li> 
</ul> 
<h2 id="dogecoin-price-surges-over-100">Dogecoin Price Surges Over 100%</h2> 
In the past few sessions, Dogecoin price started a <a href="https://www.newsbtc.com/analysis/doge/dogecoin-price-soars-25/" target="_blank" rel="noopener ">strong increase</a> above the $0.10 resistance. DOGE cleared many hurdles near $0.1250 to enter a positive zone. 
It even broke the $0.150 resistance and outperformed <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-ath-70k/" target="_blank" rel="noopener ">Bitcoin</a> and Ethereum. It is up over 100% in a few sessions and traded close to the $0.20 resistance. A new multi-week high was formed near $0.992 and the price is now correcting gains. 
The price is well above the 23.6% Fib retracement level of the recent rally from the $0.1250 swing low to the $0.1992 high. DOGE is also trading above the $0.180 level and the 100 simple moving average (4 hours). 
There is also a connecting bullish trend line forming with support at $0.1620 on the 4-hour chart of the DOGE/USD pair. The trend line is near the 50% Fib retracement level of the recent rally from the $0.1250 swing low to the $0.1992 high. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-596276" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener nofollow">DOGEUSD on TradingView.com</a> 
On the upside, the price is facing resistance near the $0.1980 level. The next major resistance is near the $0.20 level. A close above the $0.20 resistance might send the price toward the $0.2250 resistance. The next major resistance is near $0.2320. Any more gains might send the price toward the $0.250 level. 
<h2 id="downside-correction-in-doge">Downside Correction in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.20 level, it could start a downside correction. Initial support on the downside is near the $0.182 level. 
The next major support is near the $0.1620 level or the trend line. If there is a downside break below the $0.1620 support, the price could decline further. In the stated case, the price might decline toward the $0.1350 level. 
Technical Indicators 
4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now in the overbought zone. 
Major Support Levels – $0.1820, $0.1620 and $0.1350. 
Major Resistance Levels – $0.1980, $0.20, and $0.2250.

Dogecoin Price Pumps To $0.20, Can DOGE Bulls Send It To $0.25

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