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06/01/26
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Dogecoin Surges Past $0.150; Technical Indicators Signal Bullish Momentum
Dogecoin has experienced a notable upward movement, surpassing the $0.150 level against the US Dollar. The cryptocurrency’s momentum is currently consolidating, with a possible decline if prices fall below the $0.1450 support level.
Following a strong rally, Dogecoin managed to hold above key resistance levels, notably trading comfortably above both the $0.150 threshold and the 100-hour simple moving average. Technical analysis indicates the formation of a bullish trend line rooted around $0.150, providing a foundation for further upward movement. If the asset sustains its position above this level, there remains potential for additional gains.
The recent price action saw DOGE climb past the $0.140 resistance, entering positive territory, and reaching a high of approximately $0.1541. Since then, it has undergone a corrective phase, retracing to near the 23.6% Fibonacci retracement level of its recent upward swing from roughly $0.1156 to the peak at $0.1541. Currently, the price sits above the $0.150 mark, supported by technical indicators favoring bulls.
Key resistance levels include $0.1540 and $0.1550, with the latter representing a critical barrier for further advances. Breaks above $0.1550 could open pathways toward $0.1620, and success beyond this point might propel DOGE toward targets between $0.1750 and $0.1800. The next significant support sits at approximately $0.1420; falling below this may signal a corrective phase, with potential declines toward $0.1350 or even $0.1320.
Technical momentum remains favorable, with the MACD moving into bullish territory and the RSI holding above 50, indicating increasing buying pressure. If DOGE maintains its current trajectory, traders will closely monitor the $0.150 and $0.1450 levels to gauge the sustainability of the recent rally.
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