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Dogecoin (DOGE) started a steady increase above $0.0950 against the US Dollar and is now consolidating, with a potential upside break above $0.10. The price is trading above $0.0965 and the 100-hourly simple moving average, while a bullish trend line is forming with support around $0.0970 on the hourly DOGE/USD chart (data source: Kraken).
DOGE began a fresh move higher after holding above $0.0950, similar to Bitcoin and Ethereum. The price climbed above the $0.09650 resistance to enter a positive zone and pushed further above $0.0980, reaching a high at $0.0997. It has since corrected some of those gains, including a move below the 23.6% Fib retracement level of the upward move from the $0.0945 swing low to the $0.0997 high.
At present, DOGE is trading above $0.0965 and the 100-hourly simple moving average, with the bullish trend line support near $0.0970.
If DOGE remains stable above $0.0950 and resumes higher, immediate resistance is near $0.0990. The first major resistance for bulls is around $0.0995, followed by the next major resistance at $0.10. A close above $0.10 could move the price toward $0.1120, with further gains potentially taking it toward $0.1150. The next major bullish stop is cited at $0.120.
If DOGE fails to climb above $0.10, it may start a downside correction. Initial support is near $0.0970 and the trend line, followed by major support around $0.0965 or the 61.8% Fib retracement level of the upward move from $0.0945 to $0.0997.
The main support is at $0.0945. If the price breaks below $0.0945, it could decline further toward $0.0905, or even $0.090 in the near term.
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