Dogecoin (DOGE) has launched a fresh upward movement from the $0.0850 zone against the US dollar, marking a notable price rally for the cryptocurrency.
Technical Overview
The token now trades above the $0.0870 threshold and maintains a position over the 100‑hour simple moving average, indicating sustained momentum. A bullish trend line on the hourly chart provides support at $0.0870, as observed on Kraken’s data feed. Should the price remain above $0.0850, analysts expect the upward trajectory to persist.
Resistance Levels and Fibonacci Analysis
Dogecoin’s price surged more than 2%, breaking past the $0.0865 and $0.0870 resistance marks before testing the $0.0890 zone. The move also eclipsed the 38.2% Fibonacci retracement