Dogecoin’s price rises 2.7% to $0.3868, nearing critical resistance. RSI shows slight bullish momentum, but indecision persists near moving averages. Key support at $0.23 could prevent further downside if resistance holds. Dogecoin (DOGE) has continued its upward momentum in recent weeks, with its price climbing by 2.7% to trade at $0.3868 over the past 24 hours. The meme coin is now testing key resistance levels, sparking speculation about a potential breakout rally. Dogecoin Technical Analysis Market data suggests that Dogecoin is showing signs of recovery after a recent consolidation phase. The price currently sits just below the 50-day Simple Moving Average (SMA) at $0.3868, but it remains above the 20-day Exponential Moving Average (EMA) of $0.34923. Looking at the Relative Strength Index (RSI), which currently stands at 56.16, the data points to a slightly bullish sentiment. However, the RSI remains in neutral territory, indicating that market participants are still cautious. Moreover, the price action is hovering near crucial Fibonacci retracement levels, with DOGE rebounding from the 0.382 level at $0.35326. A decisive move above the 0.236 … The post Dogecoin Price Prediction: Is a Major Rally on the Horizon? appeared first on Coin Edition .
