Dogecoin Initiates a Notable Rise, Breaking Through the $0.320 Resistance Level against the US Dollar

The cryptocurrency is maintaining its gains and targeting further advancement beyond the $0.4180 threshold.

Dogecoin price began a fresh increase, breaking the $0.320 resistance against the US Dollar. DOGE is aiming for more gains, targeting a move above the $0.4180 resistance.

Dogecoin price surged higher and cleared the $0.350 resistance parallel to Bitcoin. The digital coin is now trading above the $0.3650 level and the 100 hourly simple moving average. More importantly, a crucial bullish trend line is forming with support at $0.3870 on the hourly chart of the DOGE/USD pair.

If Dogecoin manages to close above the critical resistance levels of $0.400 and $0.4150, then the ongoing rally may continue. After the initial surge, DOGE succeeded in rising past the key resistance levels of $0.3800 and $0.400, reaching a high of $0.4342. However, the price is now correcting lower, breaking below the $0.40 level and the 50% Fib retracement level of the upward move from the swing low of $0.3519 to the high of $0.4342.

Despite the correction, there is still plenty of bullish activity around the $0.3850 zone. Dogecoin is managing to trade above both the $0.3650 level and the 100 hourly simple moving average. Moreover, the bullish trend line at $0.3870 is close to the 61.8% Fib retracement level of the recent upward move, providing strong support.

On the upside, immediate resistance is seen near the $0.400 level, followed by another major resistance at $0.4150. A breakout above this resistance could send the price towards the $0.4320 level, and further gains may lead DOGE to $0.4500 or even $0.4650.

逆に、ドージコインが0.4150ドルの壁を打ち破れなければ、下落修正が起こる可能性がある。最初のダウンサイドサポートはトレンドラインに沿った0.3870ドルレベルにあり、その後のサポートは0.3715ドル付近にある。主要サポートは0.3420ドルに設定されている。このレベルを大幅に下回ると、価格はさらに下落し、足元では0.3150ドルまたは0.300ドルに達する可能性がある。

テクニカル指標はまちまちのシグナルを示唆している。DOGE/USD の 1 時間足 MACD は現在、強気圏内で勢いを失いつつある。一方、DOGE/USD の 1 時間足 RSI (Relative Strength Index) は引き続き 50 レベルを上回っており、ポジティブなモメンタムが継続していることを示している。主要サポートレベルは 0.3870 ドルと 0.3715 ドルで、主要レジスタンスレベルは 0.4000 ドルと 0.4150 ドルです。