DOGE (one of the top altcoins)has been gaining momentum and is trading above the $0.085 zone. It has surpassed several resistance levels, including a key contracting triangle at $0.0820. The price of DOGE is currently consolidating its gains after reaching a high near $0.0883.
In terms of predictions, if DOGE continues its upward trend, it could face resistance near $0.0880 and $0.0920. A close above the $0.0920 level may push the price toward the $0.095 resistance, and further gains could even bring it to the $0.100 and $0.120 levels.
However, a downside correction is possible if the price fails to sustain its upward movement. Initial support is expected near $0.0860, followed by $0.0840, which is the 50% Fibonacci retracement level. Further downside movement could lead to a decline towards the $0.0820 level.
The MACD indicator suggests a loss of bullish momentum, while the RSI is above the 50 level, indicating positive market sentiment. The major support levels are at $0.086, $0.084, and $0.082, while the major resistance levels are at $0.088, $0.092, and $0.10.
Source: NEWSBTC
