It appears, old chap, that Dogecoin has got its tail wagging again, with a fresh increase above the $0.1680 zone against the US Dollar. The question on everyone’s lips, of course, is whether this sprightly canine can unleash another surge and make its investors a pretty penny. 🤑
- The DOGE price, much like a spirited terrier, has started a fresh increase above the $0.1650 and $0.1680 levels.
- The price, we’re delighted to report, is trading above the $0.1680 level and the 100-hourly simple moving average, which is a jolly good show.
- A bullish trend line, rather like a dog’s wagging tail, is forming with support at $0.1680 on the hourly chart of the DOGE/USD pair.
- If the price clears the $0.1720 and $0.1750 resistance levels, we might just see a fresh rally, and wouldn’t that be just the cat’s pajamas? 🎉
Dogecoin price, it seems, has started a fresh increase from the $0.1650 zone, rather like a dog chasing a ball. DOGE, the plucky little thing, was able to climb above the $0.1665 and $0.1680 resistance levels, and we can’t help but feel a sense of excitement.
The bulls, those intrepid creatures, even pushed the price above the $0.170 resistance, and there was a steady increase, rather like a dog’s steady trot. The price even spiked above the 50% Fib retracement level of the downward move from the $0.1722 swing high to the $0.1657 low, which is a bit of a mouthful, but you get the idea.
The next major resistance, we’re told, is near the $0.1750 level. A close above the $0.1750 resistance might send the price toward the $0.180 resistance, and from there, who knows? The moon, perhaps? 🌕
But, of course, there’s always the possibility of another decline, rather like a dog’s tail between its legs. If DOGE’s price fails to climb above the $0.1750 level, it could start another decline, and that would be a bit of a bummer.
Initial support on the downside, we’re assured, is near the $0.1680 level or the trend line zone. The next major support is near the $0.1650 level, and if all else fails, there’s always the $0.1610 level to fall back on.
Technical Indicators, for those who enjoy that sort of thing:
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone, which is a good sign, we’re told.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level, which is a jolly good show.
Major Support Levels – $0.1680 and $0.1650, just in case you were wondering.
Major Resistance Levels – $0.1720 and $0.1750, because one always likes to know these things.
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2025-07-09 08:12