Dogecoin Price Holds Crucial Support But Can DOGE Clear This Hurdle?

Mar 21, 2024 08:00 am Cryptocurrency 59

Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 resistance to start another increase toward $0.200.

DOGE declined heavily and tested the $0.1220 support against the US dollar.

The price is trading below the $0.1650 level and the 100 simple moving average (4 hours).

There was a break above a key bearish trend line with resistance at $0.1310 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).

The price could gain bullish momentum if it clears the $0.1600 and $0.1650 resistance levels.

Dogecoin Price Recovers Over 15%

After a strong decline, Dogecoin price found support near the $0.1220 zone. A low was formed at $0.1228 and DOGE recently started a decent recovery wave, like Bitcoin and Ethereum.

There was a steady increase above the $0.1320 and $0.1350 resistance levels. The price cleared the 23.6% Fib retracement level ..

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