Dogecoin (DOGE) Recovery Gains Traction—Can It Unlock Bigger Gains?

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CryptoNewsNet2026/06/15 15:09

By:CryptoNewsNet

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Dogecoin (DOGE) Recovery Gains Traction—Can It Unlock Bigger Gains?

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Dogecoin (DOGE) Recovery Gains Traction—Can It Unlock Bigger Gains? image 1

Dogecoin started a fresh increase from the $0.0850 zone against the US Dollar. $DOGE is now facing hurdles near $0.090 and might aim for a larger rally.

$DOGE price started a decent upward move above $0.0850 and $0.0880.
The price is trading above the $0.0870 level and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $0.0870 on the hourly chart of the $DOGE/USD pair (data source from Kraken).
The price could continue to move up if it stays above $0.0850.

Dogecoin Price Faces Hurdles

Dogecoin price remained supported above the $0.0850 zone and started a fresh increase, like Bitcoin and Ethereum. $DOGE climbed above the $0.0865 and $0.0870 resistance levels.

The price gained over 2% and tested the $0.0890 zone. There was a move above the 38.2% Fib retracement level of the downward move from the $0.0920 swing high to the $0.0855 low. Besides, there is a bullish trend line forming with support at $0.0870 on the hourly chart of the $DOGE/USD pair.

Dogecoin price is now trading above the $0.0870 level and the 100-hourly simple moving average. If the bulls remain active, the price could attempt another increase. Immediate resistance on the upside is near the $0.0890 level and the 50% Fib retracement level of the downward move from the $0.0920 swing high to the $0.0855 low.

Dogecoin (DOGE) Recovery Gains Traction—Can It Unlock Bigger Gains? image 2

Source: DOGEUSD on TradingView.com

The first major resistance for the bulls could be near the $0.0905 level. The next major resistance is near the $0.0920 level. A close above the $0.0920 resistance might send the price toward the $0.0950 resistance. Any more gains might send the price toward the $0.10 level. The next major stop for the bulls might be $0.1050.

Another Decline In $DOGE?

If $DOGE’s price fails to climb above the $0.090 level, it could continue to move down. Initial support on the downside is near the $0.0870 level. The next major support is near the $0.0855 level.

The main support sits at $0.0850. If there is a downside break below the $0.0850 support, the price could decline further. In the stated case, the price might slide toward the $0.0820 level or even $0.080 in the near term.

Technical Indicators

Hourly MACD – The MACD for $DOGE/USD is now losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for $DOGE/USD is now above the 50 level.

Major Support Levels – $0.0870 and $0.0855.

Major Resistance Levels – $0.090 and $0.10.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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