Dogecoin (Doge) price target is higher, can it rise to $0.2650?

Dogecoin started to rise from the initial point of $0.220. Now, Doge is accelerating and is expected to reach the $0.2650 area.

This article briefly introduces Dogecoin's price dynamics and technical indicators, highlighting key levels of support and resistance that are particularly important when cryptocurrencies seek new highs.

Dogecoin's price has risen again from the dollar-to-dollar exchange rate. If the bulls continue to dominate, we may see Doge moving towards the $0.2650 area.

Near the $0.2173 area, Dogecoin's price shows new signs of support. It looks like Bitcoin and Ethereum have also found the same level of support as Dogecoin.

Doge broke through and recovered the $0.2250 resistance area. The bulls even pushed the price from the high of $0.2531 to the low of $0.2173 to above the 50% Fibonacci retracement level.

Additionally, on the hourly chart of Doge/USD, there is a connected bullish trend line with support at $0.2350.

Dogecoin's current trading price is above the $0.2350 and the 100-hour simple moving average. The immediate resistance to price increases is close to $0.240.

The first major resistance of the bulls could be close to $0.2440, while the downward direction of the 76.4% Fibonacci retracement level is from the high of $0.2531 to the low of $0.2173. The next major resistance is close to $0.2530.

If the price breaks through the resistance of $0.2530, it may further rise to the resistance of $0.2650. More gains could push the price to $0.2720. The next major target for the bulls could be $0.2850.

If Dogecoin's price fails to break through the $0.2440 level, it may fall again. The initial support for the decline was close to $0.2350. The next major support is $0.2250.

The main support level is $0.2150. If the price falls below the support of $0.2150, it may fall further. In this case, the price may drop to $0.20 or even to $0.1880 in the short term.

Dogecoin's price must be kept above $0.1760 to avoid a sharp drop. The lower levels worth noting are $0.1500 and $0.1200.

Technical Indicators

Hourly MACD - Doge/USD's MACD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) - Doge/USD's RSI is now above level 50.

Main support levels - $0.2350 and $0.2250.

Major resistance levels - $0.2440 and $0.2530.

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