Dogecoin Surges 15% Breaching $0.1620 Resistance

Generated by AI AgentCoin World
Thursday, Jun 26, 2025 1:21 am ET1min read
DOGE
--

Dogecoin (DOGE) has initiated a fresh upward trend, surpassing the $0.1550 mark against the US Dollar. The cryptocurrency is currently in a consolidation phase, with potential for further gains above the $0.1680 level. DOGE's price has shown resilience, climbing above key resistance levels at $0.150 and $0.1550, and even breaching the $0.1620 resistance. The highest point reached was $0.1677, and the price is now stabilizing above the 23.6% Fib retracement level of the upward move from the $0.1427 swing low to the $0.1677 high.

Currently, DOGE is trading above the $0.160 level and the 100-hourly simple moving average. The immediate resistance on the upside is near the $0.1680 level, with a key rising channel forming with resistance at $0.1680 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls is near the $0.1720 level, followed by the $0.1750 level. A close above the $0.1750 resistance could propel the price towards the $0.180 resistance, with further gains potentially reaching the $0.200 level. However, the next major stop for the bulls might be $0.2120.

If DOGE’s price fails to surpass the $0.1680 level, it could initiate another decline. Initial support on the downside is near the $0.1620 level, with the next major support near the $0.1550 level and the 50% Fib retracement level of the upward move from the $0.1427 swing low to the $0.1677 high. The main support sits at $0.1550. If there is a downside break below the $0.1550 support, the price could decline further, potentially reaching the $0.1420 level or even $0.1350 in the near term.

Technical indicators suggest that the MACD for DOGE/USD is gaining momentum in the bullish zone, while the RSI for DOGE/USD is now above the 50 level. Major support levels are identified at $0.1620 and $0.1550, with major resistance levels at $0.1680 and $0.1800. Despite the bullish momentum, the $0.20 mark remains out of reach for DOGE in the near future, as the cryptocurrency continues to face resistance and consolidation phases.