Dogecoin's price has surged above $0.350 against the US Dollar and is now consolidating, with potential for further gains if it surpasses the $0.3880 resistance. The price is trading above $0.370 and the 100-hour simple moving average.
A key development was the break above a bearish trend line at $0.3825, positioning Dogecoin to overcome further resistance at $0.3880 and $0.3920. Success here could propel the price toward $0.40 and even $0.420.
If Dogecoin fails to break $0.3880, it may face support levels at $0.380 and $0.3750. A drop below $0.3650 would mark a bearish turn.
