Dogecoin (DOGE) Bulls Flex Strength: Momentum Builds for Next Move

Jan 6, 2025 08:00 am Cryptocurrency 17

Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance.

DOGE price started a fresh increase above $0.350 and $0.3650.

The price is trading above the $0.370 level and the 100-hourly simple moving average.

There was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could gain momentum if it clears the $0.3880 and $0.3920 resistance levels.

Dogecoin Price Holds Support

Dogecoin price started a fresh increase from the $0.3120 support, like Bitcoin and Ethereum. DOGE was able to surpass the $0.3350 resistance and $0.350. It even cleared the $0.3880 level before there was a downside correction.

A low was formed at $0.3750 and the price is now rising. ..

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