Dogecoin Price Prints Bullish Pattern, Why Close Above $0.08 Is Critical

Jan 12, 2023 08:00 am Cryptocurrency 151

Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance.

DOGE gained pace and traded above the $0.075 resistance against the US dollar.

The price is trading above the $0.0750 zone and the 100 simple moving average (4-hours).

There is a key bullish trend line forming with support near $0.0740 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).

The pair could rise further if there is a clear close above the $0.080 resistance.

Dogecoin Price Signals Bullish

After a strong decline, dogecoin price found support near the $0.066 zone. DOGE remained well bid and started a steady increase above the $0.068 resistance.

There was a clear move above the $0.070 resistance zone to set the pace for a decent increase. The price cleared the 23.6% Fib retracement level of the key decline from the $0.1402 swing high to $0.0658 low. The price is now trading above the $0.0750 zone and the 100 ..

Support the originator by clicking the read the rest link below.