Charted: Dogecoin (DOGE) Surges 50%, Here’s Why The Bulls Are Not Done Yet

Charted: Dogecoin (DOGE) Surges 50%, Here’s Why The Bulls Are Not Done Yet


Dogecoin remained strong and it rallied further above $0.5000 against the US Dollar. DOGE surged over 50% and it traded to a new all-time high above $0.6500.

DOGE extended its rally and it cleared the $0.5000 and $0.5500 resistance levels against the US dollar. The price is trading well above the $0.5000 zone and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.4800 on the 4-hours chart of the DOGE/USD pair (data source from Bitfinex). The pair is likely to continue higher above the $0.6800 and $0.7000 levels in the near term. Dogecoin Rallies To New ATH

Yesterday, we discussed the chances of more gains in dogecoin above the $0.5000 resistance zone. DOGE did gain pace above the $0.5000 resistance, outpacing bitcoin and ethereum.

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It surged over 50% and it even cleared the $0.6500 level. A new all-time high is formed near the $0.6793, with a bullish angle.

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