Ah, Dogecoin, the cryptocurrency that’s been making waves and giving us all a good laugh 🤣. It’s like the eccentric uncle of the crypto world – a bit quirky, but you can’t help but love it. And now, it’s on the move again, folks! 🚀
- DOGE price has started a fresh increase, because who doesn’t love a good comeback story? 🤩
- The price is trading above the $0.1880 level and the 100-hourly simple moving average, which is just a fancy way of saying it’s doing pretty well.
- There’s a bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair, because charts are fun and all, but let’s be real, who can resist a good trend line? 📈
- The price could start a fresh rally if it clears the $0.1980 and $0.20 resistance levels, which is just a fancy way of saying it could make you rich, but let’s not get ahead of ourselves here 😂.
Dogecoin price started a fresh increase from the $0.1750 zone, because even cryptocurrencies need a little pick-me-up sometimes. DOGE was able to climb above the $0.180 and $0.1880 resistance levels, and the bulls even pushed the price above the $0.1920 resistance, because who doesn’t love a good game of crypto-bull-riding? 🎢
The price traded close to the $0.20 barrier, and a high was formed at $0.1992, because even Dogecoin likes to tease us a bit. The price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.1660 swing low to the $0.1992 high, which is just a fancy way of saying it’s taking a little breather.
Immediate resistance on the upside is near the $0.1980 level, because even Dogecoin has its limits. The first major resistance for the bulls could be near the $0.20 level, and the next major resistance is near the $0.2050 level, because who doesn’t love a good challenge? 🤔
A close above the $0.2050 resistance might send the price toward the $0.220 resistance, and any more gains might send the price toward the $0.2320 level, because at this point, we’re just making numbers up 😂. The next major stop for the bulls might be $0.250, because why not? 🤷♂️
If DOGE’s price fails to climb above the $0.20 level, it could start a downside correction, because even cryptocurrencies have bad days sometimes. Initial support on the downside is near the $0.1910 level or the trend line zone, and the next major support is near the $0.1820 level or the 50% Fib retracement level of the upward move from the $0.1660 swing low to the $0.1992 high, because who doesn’t love a good safety net? 🌟
The main support sits at $0.1780, and if there is a downside break below the $0.1780 support, the price could decline further, because even Dogecoin has its limits. In the stated case, the price might decline toward the $0.1750 level or even $0.1720 in the near term, because who doesn’t love a good rollercoaster ride? 🎠
Technical Indicators, because who doesn’t love a good chart? 📊
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone, because even indicators like to party sometimes 🎉.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level, because who doesn’t love a good benchmark? 📈
Major Support Levels – $0.1910 and $0.1880, because even cryptocurrencies need a little support sometimes 🤗.
Major Resistance Levels – $0.1980 and $0.2000, because who doesn’t love a good challenge? 😏
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2025-07-11 08:22