The post Dogecoin (DOGE) Signals New Upside Move: Can Bulls Take Charge? appeared on BitcoinEthereumNews.com.

Dogecoin found support at $0.3050 and recovered some losses against the US Dollar. DOGE is now rising and might aim for more gains above $0.350. DOGE price started a decent increase above the $0.315 and $0.320 levels. The price is trading near the $0.3320 level and the 100-hourly simple moving average. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.340 and $0.3480 resistance levels. Dogecoin Price Aims Higher Dogecoin price started a fresh decline from the $0.3850 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.3500 and $0.3350 support levels. It even spiked below $0.320. A low was formed at $0.3052 and the price is now rising above the 50% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. There was a break above a major bearish trend line with resistance at $0.330 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading above the $0.330 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3390 level and 61.8% Fib retracement level of the downward move from the $0.3599 swing high to the $0.3052 low. The first major resistance for the bulls could be near the $0.3480 level. The next major resistance is near the $0.3550 level. A close above the $0.3550 resistance might send the price toward the $0.3660 resistance. Any more gains might send the price toward the $0.3880 level. The next major stop for the bulls might be $0.40. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.340 level, it could start another decline. Initial support on…

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Filed under: News - @ January 30, 2025 5:16 am