Dogecoin Price Faces Resistance After Recent Gains
- Dogecoin price climbed above $0.130, reaching a high of $0.1352.
- The price is now trading below the $0.130 level and the 100-hourly simple moving average.
- A bullish trend line is forming with support at $0.1315 on the hourly chart.
- Immediate resistance is near the $0.1350 level, with major resistance at $0.1380 and $0.1420.
- Key support levels are at $0.1310, $0.1275, and main support at $0.1235.
Dogecoin’s recent price increase above key levels suggests potential for further gains if it remains stable above $0.1280, although it faces significant resistance ahead.
If Dogecoin fails to surpass the immediate resistance at $0.135, it may see a downside correction towards key supports like $0.1275 or even lower to its main support at $0.1235.
