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Dogecoin Price Could Rally 5% if it Clears Key Resistance Level

June 21 (Cointime) - Dogecoin is experiencing a bullish trend and has surpassed the $0.062 resistance against the US Dollar. The cryptocurrency may experience further growth if it clears the 100 SMA (H4).

Despite trading below the $0.064 zone and the 100 simple moving average (4 hours), DOGE is showing positive signs above the $0.0620 resistance. A break above the $0.064 resistance zone could lead to a 5% rally in Dogecoin's price.

However, if DOGE fails to gain momentum above the $0.0640 level, it may experience a fresh decline with initial support near the $0.0625 level.

Dogecoin Dogecoin $0.41
+7.27%
Dogecoin Cryptocurrency
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