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Dogecoin Struggles to Clear $0.074 Resistance, Potential for Rally if Broken

Dogecoin has seen a rise in value from its $0.0685 support level against the US Dollar, but is struggling to surpass the $0.074 resistance zone.

The cryptocurrency is currently trading below the $0.0725 zone and the 100 simple moving average (4 hours), with initial support at the $0.0718 level.

A close above the $0.074 resistance could send the price towards the $0.0775 resistance, while a downside break below the $0.070 support could lead to a decline towards the $0.0685 level.

Technical indicators show the MACD for DOGE/USD is gaining momentum in the bearish zone, while the RSI for DOGE/USD is now below the 50 level.

Dogecoin Dogecoin $0.38
-12.17%
Dogecoin
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