Dogecoin, that whimsical pup of the crypto world, scampered above the $0.20 mark against the US Dollar like a dog chasing its tail. Now it’s lounging, sniffing around, and eyeing higher ground-maybe $0.2180 if it doesn’t trip over its own paws.
- DOGE wagged its way past $0.20 and $0.2050, barking at skeptics all the while.
- It’s perched above $0.20 and the 100-hourly simple moving average, wagging confidently.
- A bullish trend line is forming, offering a cozy bed at $0.1980 on the hourly DOGE/USD chart (courtesy of Kraken’s data kibble).
- If it stays steady above $0.1880, it might fetch even bigger bones.
Dogecoin’s Next Leap?
Dogecoin found its paws above $0.1880, joining Bitcoin and Ethereum in their digital frolic. It bounded past $0.20, wagging its tail in triumph, and settled into a bullish zone.
The bulls surged, pushing the price past $0.2050 and $0.2120. A high of $0.2182 was marked before the price paused to catch its breath, dipping below the 50% Fib retracement level of its recent sprint from $0.1787 to $0.2182.
Dogecoin’s still wagging above $0.20 and the 100-hourly simple moving average. Plus, that bullish trend line at $0.1980 is looking like a trusty leash to keep it from straying too far.
If it decides to fetch another rally, immediate resistance looms at $0.2085. The first major hurdle is near $0.2120, followed by $0.2180. A clean jump past $0.2180 could send it sprinting toward $0.2320-or even $0.250 if it’s feeling particularly frisky. The ultimate prize? $0.2620, where the bulls might finally take a nap.
Or Will DOGE Roll Over?
If Dogecoin can’t claw its way past $0.2120, it might just flop over for a nap. Initial support is around $0.20, with a softer cushion at $0.1980 and that trend line.
The main safety net sits at $0.1880. If that gives way, Dogecoin could tumble further-maybe sliding toward $0.1720 or even $0.1650, where it might whimper for a bit before rallying again.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is losing steam in the bullish zone, like a tired puppy after a long walk.
Hourly RSI (Relative Strength Index) – The RSI’s dipping below 50, suggesting DOGE might need a snack before its next sprint.
Major Support Levels – $0.1980 and $0.1880.
Major Resistance Levels – $0.2120 and $0.2180.
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2025-10-15 08:47