Dogecoin is showing positive signs above the $0.0642 level against the US Dollar. DOGE could continue to rise if it stays above the $0.0606 support.
DOGE started a decent increase above the $0.0642 resistance against the US dollar.
The price is trading above the $0.065 level and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance near $0.0630 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
The price could correct lower, but dips might be attractive near the $0.062 zone.
Dogecoin Price Starts Recovery
After a major decline, Dogecoin price found support near the $0.055 zone. DOGE traded as low as $0.0557 and started a fresh increase. There was a decent move above $0.0600 and the price settled above $0.0606.
Recently, there was a strong increase in Dogecoin like Bitcoin and Ethereum, and it was able to clear the $0.0620 resistance. The price climbed above the 50% Fib retracement level of the main decline from the $0
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