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Dogecoin Price Shows Positive Signs Above $0.075 Resistance Against US Dollar

Dogecoin is currently trading above the $0.075 resistance against the US Dollar and could continue to rally if it breaks the $0.0835 resistance zone. The price is trading well above the $0.0765 zone and the 100 simple moving average (4 hours), with a major bullish trend line forming with support near $0.0760 on the 4-hours chart of the DOGE/USD pair.

However, the price is facing resistance near the $0.080 level and could continue to move down if it fails to gain pace above the $0.0820 level. The MACD for DOGE/USD is now losing momentum in the bullish zone, while the RSI for DOGE/USD is now above the 50 level.

Dogecoin Dogecoin $0.39
-9.87%
Dogecoin
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