Dogecoin price prediction Breaking a single level will start a new rally
This HTML describes the recent movement of Dogecoin’s price against the US Dollar. After finding support near $0.0685, DOGE started to increase and could rally further if it clears the $0.074 resistance zone. Currently, DOGE is struggling to clear the $0.074 resistance and is trading below the $0.0725 zone and the 100 simple moving average (4 hours). However, there was a break above a major bearish trend line with resistance near $0.0722 on the 4-hours chart of the DOGE/USD pair. If the pair clears the $0.074 resistance zone, it could start a fresh rally. On the downside, initial support is near the $0.0718 level, followed by the $0.0700 level. If there is a downside break below the $0.070 support, the price could decline further toward the $0.0685 level. Technical indicators show that the MACD for DOGE/USD is now gaining momentum in the bearish zone, and the RSI for DOGE/USD is now below the 50 level.