DOGE Faces Resistance at $0.090

Despite challenges, DOGE/USD trading above moving averages indicates potential for upward trend continuation.

At $0.090, the initial ascent above the moving average lines encountered resistance.

Below the previous high, the ascent has ceased, with DOGE trading above the moving average lines but below the $0.090 resistance level.

When purchasers surpass the threshold at $0.090, the cryptocurrency will appreciate. The altcoin will reclaim its $0.10 and $0.11 all-time highs. Nevertheless, should the price of cryptocurrencies decline below the 50-day SMA, the altcoin will return to its prior low of $0.077.

The price bars have elevated above the moving average lines since February 14, 2024. When DOGE prices are above their moving average lines, they typically appreciate.

DOGE/USD Trading Above Moving Averages

The price bars, nevertheless, remain immobile at a peak of $0.090. The prevalence of doji candlesticks restricts the movement of the price.

DOGE/USD is trading above its moving averages, indicating that the alternative coin may experience an upward trend. The cryptocurrency price is above the moving average lines on the 4-hour chart.

The $0.086 peak is presenting a challenge to the uptrend. Moving closer to the moving average lines is the altcoin. Price action above the moving average lines may signal the continuation of the present uptrend.