Gate News, March 16 — Dogecoin (DOGE) has experienced a new rally after breaking through $0.0950. Currently, the price remains above $0.0985. After a short consolidation, the bulls may attempt to challenge the resistance at $0.1020. Technical charts show an upward trend line forming on the DOGE/USD hourly chart, with support around $0.0955, providing a foundation for further price increases.
Price action indicates that DOGE has successfully broken key resistance levels at $0.0980 and $0.10, entering an upward zone, and has formed a recent high near $0.1013. If the bullish momentum continues, the immediate resistance is around $0.1020. A breakout above this level could target $0.1050, with potential for further gains toward the $0.1080 to $0.1120 range. Long-term, the target could even extend to $0.120–$0.122.
Short-term pullback risks remain. If DOGE fails to break above $0.1020, initial support is at $0.0995, followed by key supports at $0.0978 and $0.0955. Falling below $0.0955 could see the price retreat to $0.0940 or even dip to $0.0920. On the technical side, the hourly MACD shows waning momentum but remains in the bullish zone; the hourly RSI stays above 50, indicating that the bulls still hold the advantage.
Overall, DOGE’s upward trend is supported by breaking key resistance levels and stable supports, with bullish strength continuing to build. Investors should watch for a breakout above $0.1020 to confirm the continuation of the rally and monitor the potential target zone between $0.1050 and $0.122. The current market sentiment, aligned with Bitcoin and Ethereum, provides strong support for DOGE’s short-term gains.
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