Dogecoin

Bitcoin

Resistance

Dogecoin started a steady increase above the $0.1320 resistance zone against the US Dollar. DOGE is consolidating and might extend its gains above $0.150. 
<ul> 
 <li>DOGE price is eyeing more gains above the $0.150 resistance zone.</li> 
 <li>The price is trading above the $0.1320 level and the 100-hourly simple moving average.</li> 
 <li>There is a key bullish trend line forming with support at $0.1345 on the hourly chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could continue to move up if it clears the $0.1420 resistance zone.</li> 
</ul> 
<h2 id="dogecoin-price-regains-strength-more-upsides-ahead">Dogecoin Price Regains Strength, More Upsides Ahead?</h2> 
In the past few days, Dogecoin price saw a decent increase above the $0.1150 level. DOGE cleared the $0.1250 resistance to move into a positive zone like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-consolidates-66k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-battles-3550/" target="_blank" rel="noopener ">Ethereum</a>. The price even climbed above the $0.1320 level and the 100-hourly simple moving average. 
A high was formed at $0.1437 and the price is now consolidating gains. There was a minor decline below the $0.140 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1260 swing low to the $0.1437 high. 
Dogecoin is now trading above the $0.1320 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1345 on the hourly chart of the DOGE/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $0.1260 swing low to the $0.1437 high. <a href="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-631036 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/Doegcoin-DOGE_f0b81c.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
If there is a fresh increase, the price might face resistance near the $0.1420 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.150 resistance. Any more gains might send the price toward the $0.1650 level. The next major stop for the bulls might be $0.1720. 
<h2 id="are-dips-supported-in-doge">Are Dips Supported In DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1420 level, it could start a downside correction. Initial support on the downside is near the $0.1365 level. The next major support is near the $0.1320 level. 
The main support sits at $0.1280. If there is a downside break below the $0.1280 support, the price could decline further. In the stated case, the price might decline toward the $0.1150 level. 
Technical Indicators 
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. 
Major Support Levels – $0.1365 and $0.1320. 
Major Resistance Levels – $0.1420 and $0.1500.

Dogecoin Price (DOGE) Bulls Target $0.15 Breakout: Can They Succeed?

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