Dogecoin is rallying against the US Dollar, breaking above previous resistance levels, such as $0.1200, and trading over $0.1220 and the 100-hourly moving average. The break in the declining channel suggests bullish momentum.
The current move shows DOGE’s potential to beat major cryptocurrencies like Bitcoin and Ethereum, with resistance levels at $0.1280 and $0.1300 possibly being the next targets.
If the rally continues, the price could reach $0.1350, with support levels helping to prevent a drop. However, failing to clear certain resistance points could cause a decline.
Technical indicators, like the MACD gaining bullish momentum and the RSI above 50, reinforce positive sentiments in the current market.
