Dogecoin has begun to rise in value, climbing above $0.0940. However, it’s currently encountering resistance around $0.0975, and further gains may be difficult.
- DOGE price started a recovery wave from $0.0925 and climbed above $0.0940.
- The price is trading above the $0.0950 level and the 100-hourly simple moving average.
- There is a rising channel forming with resistance at $0.0970 on the hourly chart of the DOGE/USD pair (data source from Kraken).
- The price could continue to move up if it stays above $0.0925.
Dogecoin Price Hits Resistance
Similar to Bitcoin and Ethereum, Dogecoin’s price has begun to rise, starting from around $0.0925. It has already broken through resistance levels at $0.0935 and $0.0942.
The price of DOGE/USD has shown some positive movement, breaking above a key technical level at $0.0940. However, selling pressure appears around the $0.0970 mark. The price is currently trending upwards within a rising channel pattern, with $0.0970 acting as a resistance level on the hourly chart.
Dogecoin is currently trading above $0.0950, also surpassing its 100-hour moving average. If the price continues to rise, it will likely encounter resistance around $0.0970. A stronger upward move could test the $0.0975 level, which also coincides with a key Fibonacci retracement level, measuring the recent price swing from a high of $0.1021 to a low of $0.0926.
The price is currently facing resistance around $0.10. If it can break above this level, it could move towards $0.1020, and potentially even higher to $0.1065. Buyers might then target $0.1120.
Another Decline In DOGE?
If DOGE doesn’t rise above $0.0975, its price might fall further. It will likely find some support around $0.0950, and a stronger level of support around $0.0932.
Currently, the price is being supported around $0.0925. If the price falls below this level, it could drop further, potentially reaching $0.090 or even $0.0880 in the short term.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.
Major Support Levels – $0.0950 and $0.0925.
Major Resistance Levels – $0.0975 and $0.10.
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2026-04-22 08:15