Dogecoin has started a recovery above the $0.250 zone against the US Dollar, showing potential to rise further if it can surpass resistance levels near $0.2655. The price is trading above the $0.250 level and the 100-hourly simple moving average. A break above a bearish trend line resistance was observed on the DOGE/USD hourly chart, suggesting bullish momentum.
The price encountered resistance after a fresh decline from the $0.2940 zone, dropping below $0.280 and $0.2655 before stabilizing above $0.250. A significant resistance near $0.260 could determine DOGE's next move, with further resistance levels at $0.2655 and $0.2725. A decisive close above these levels might push the price toward $0.300 or even $0.3420. Conversely, failure to climb could see DOGE dip back to $0.2250 or $0.2120.
Technical indicators such as the MACD show bullish momentum, while RSI is above 50. Key support levels are at $0.2520 and $0.2500, with resistance at $0.2600 and $0.2655.