Dogecoin Price (DOGE) Prediction – Bulls Face Uphill Task Near $0.064
NewsBTC
20 Sep 2023 4:23 AM
Dogecoin is recovering higher from the $0.060 level against the US Dollar. DOGE could continue to rise if it clears the $0.0640 resistance zone....
- Dogecoin (DOGE) is recovering higher from the $0.060 level against the US Dollar.
- The price is trading above the $0.062 level and the 100 simple moving average (4 hours).
- There is a key rising channel forming with resistance near $0.0640 on the 4-hour chart.
- The price could struggle to clear the $0.0638 and $0.0640 resistance levels.
- If DOGE fails to gain pace above $0.0640, it could start a downside correction.
- Major support levels are at $0.0620, $0.0600, and $0.0565.
- Major resistance levels are at $0.0638, $0.0640, and $0.0685.
The sentiment towards Dogecoin appears to be positive as it is recovering higher and showing signs of potential upward movement. However, there is caution regarding the resistance levels that may hinder further gains.