Having formed a base above the $0.065 zone, the Dogecoin (DOGE) rate began to rise steadily. DOGE maintained good positions and climbed above the resistance level $0.075
There was a clear movement above the resistance zone of $0.080 to start a decent rally. DOGE overcame several obstacles near the level of $0.085 and was set above 100 times the simple moving average (4 hours). A new annual maximum was formed by about $0.0934, and now Dogecoin is consolidating profits.
It trades near the Fibonacci correction level of 23.6% upward movement from the minimum fluctuation of $0.0768 to a maximum of $0.0934. The Doge rate is now above the area of $0.0850 and a simple moving average of 100 (4 hours).
The 4-hour chart of the DOGE/USD pair also forms the main line of the bullish trend with support of about $0.0830. On the other hand, the DOGE rate faces resistance of about $0.0915. The first serious resistance is near the level of $0.0920.
