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Dogecoin (DOGE) Leaps Higher: Can The Momentum Last?

  • Dogecoin (DOGE) is showing positive signs of recovery and is attempting to clear the $0.1165 resistance level against the US Dollar.
  • DOGE price started a fresh increase above the $0.1100 resistance level and is currently trading above the $0.1120 level and the 100-hourly simple moving average.
  • There was a break above a major bearish trend line with resistance at $0.1100, indicating a potential bullish momentum if the $0.1165 and $0.1180 resistance levels are cleared.
  • However, if the price fails to climb above the $0.1165 level, it could start another decline with support levels at $0.1120 and $0.1080.

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