Bitcoin

Dogecoin

Resistance

Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 resistance to start another increase toward $0.200. 
<ul> 
 <li>DOGE declined heavily and tested the $0.1220 support against the US dollar.</li> 
 <li>The price is trading below the $0.1650 level and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price could gain bullish momentum if it clears the $0.1600 and $0.1650 resistance levels.</li> 
</ul> 
<h2 id="dogecoin-price-recovers-over-15">Dogecoin Price Recovers Over 15%</h2> 
After a strong decline, Dogecoin price found support near the $0.1220 zone. A low was formed at $0.1228 and DOGE recently started a decent recovery wave, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-jumps-68k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-rallies-3550/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a steady increase above the $0.1320 and $0.1350 resistance levels. The price cleared the 23.6% Fib retracement level of the downward move from the $0.1927 swing high to the $0.1228 low. There was also a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE/USD pair. 
Dogecoin is still trading below the $0.160 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.1580 level or the 50% Fib retracement level of the downward move from the $0.1927 swing high to the $0.1228 low. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-598938" src="https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/03/Doegcoin-DOGE_ec0472.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> 
The next major resistance is near the $0.1650 level. A close above the $0.1650 resistance might send the price toward the $0.1850 resistance. The next major resistance is near $0.200. Any more gains might send the price toward the $0.220 level. 
<h2 id="another-decline-in-doge">Another Decline in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.160 level, it could start another decline. Initial support on the downside is near the $0.1450 level. 
The next major support is near the $0.130 level. If there is a downside break below the $0.130 support, the price could decline further. In the stated case, the price might decline toward the $0.1150 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 above the 50 level. 
Major Support Levels – $0.1450, $0.130 and $0.1150. 
Major Resistance Levels – $0.1580, $0.160, and $0.1650.

Dogecoin Price Holds Crucial Support But Can DOGE Clear This Hurdle?

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