The post Dogecoin (DOGE) Positive Indicators Emerge, But Recovery Still Fragile appeared on BitcoinEthereumNews.com.

Dogecoin started a recovery wave above the $0.120 zone against the US Dollar. DOGE is now facing hurdles near $0.1280 and might struggle to continue higher. DOGE price started a recovery wave from $0.1150 and climbed above $0.120. The price is trading below the $0.130 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.1240 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.120. Dogecoin Price Faces Resistance Dogecoin price started a recovery wave from the $0.1150 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1180 and $0.120 resistance levels. There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1154 low. Besides, there was a break above a key bearish trend line with resistance at $0.1240 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.130 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1260 level. The first major resistance for the bulls could be near the $0.1285 level. The next major resistance is near the $0.1330 level and the 50% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1154 low. A close above the $0.1330 resistance might send the price toward the $0.1420 resistance. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1550. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.1280 level, it could continue to move down. Initial support on the downside is near the…

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Filed under: News - @ January 23, 2026 5:29 am