Dogecoin has been steadily rising and is now trading above $0.1125. It’s currently stabilizing, and could potentially break through the $0.1155 level and continue to climb.
- DOGE price started a fresh increase above $0.1120 and $0.1135.
- The price is trading above the $0.1120 level and the 100-hourly simple moving average.
- There is a contracting triangle forming with support at $0.1115 on the hourly chart of the DOGE/USD pair (data source from Kraken).
- The price could aim for a fresh increase if it remains stable above $0.110.
Dogecoin Price Climbs Above $0.1150
Dogecoin’s price is rising after it moved above $0.110, performing better than both Bitcoin and Ethereum. It has now broken past a key resistance level of $0.1120, signaling a positive trend.
The price of the asset briefly rose above $0.1150, reaching a peak of $0.1153 before stabilizing. It then experienced a small dip, falling slightly below a key technical level – the 23.6% Fibonacci retracement – measured from a low of $0.1095 to the recent high of $0.1153.
As an analyst, I’m currently observing that Dogecoin’s price has moved above $0.1120 and is holding above its 100-hour simple moving average. Looking at the hourly chart for DOGE/USD, I’m also seeing a contracting triangle pattern develop, with support currently around the $0.1115 mark.
If the price goes up further, it will likely encounter resistance around $0.1140. Key resistance levels to watch are $0.1150 and $0.1165. Breaking above $0.1165 could lead to a move towards $0.120, with potential for further gains up to $0.1220. A significant rally could eventually reach $0.1250.
Downside Correction In DOGE?
If Dogecoin’s price doesn’t rise above $0.1150, it might start to fall. It will likely find some support around $0.1115, near a triangular pattern and a key Fibonacci retracement level, based on recent price movements between $0.1095 and $0.1153. If the price falls further, the next significant support level is around $0.110.
Currently, the price is being supported around $0.1075. If the price drops below this level, it could fall further, potentially reaching $0.1030 or even $0.1020 in the short term.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.
Major Support Levels – $0.1115 and $0.1100
Major Resistance Levels – $0.1150 and $0.1200.
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2026-05-14 07:53