Dogecoin (DOGE) has recently demonstrated strong bullish momentum as its price surged past the significant mark of $0.320. The cryptocurrency is currently trading above $0.3650, indicating a positive sign for short-term investors.
The analysis reveals that DOGE is also maintaining a position above its 100-hourly moving average, which typically signals a continued uptrend.
Key resistance levels to watch are at $0.400 and $0.4150, while a bullish trend line is forming with support around $0.3870.
The most recent high for DOGE was recorded at $0.4342, suggesting that further upside is possible if the momentum continues.
