Dogecoin has recovered some losses after finding support at $0.3050 against the US Dollar. DOGE is now on an upward trajectory, trading near the $0.3320 level and the 100-hourly simple moving average. A significant break above a bearish trend line indicates potential for more gains.
If the price clears the $0.340 and $0.3480 resistance, it could rise further. DOGE aims to overcome earlier declines and reach targets at $0.3660, $0.3880, and possibly $0.40.
If DOGE fails to climb past resistance, a decline is possible, with major support at $0.3150. Technical indicators show bullish momentum with the MACD and RSI supporting an upward move.
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