Dogecoin price has reclaimed the 200-period moving average on the hourly timeframe, signaling renewed bullish momentum as price action stabilizes above key support levels. A sustained close above this threshold could trigger an impulsive rally toward the $0.32 resistance.
Summary
- DOGE reclaims the 200 moving average on the hourly chart, signaling renewed strength.
- Price maintains structure above the value area high, supporting upward continuation.
- Next key target zone: $0.32 resistance aligned with prior volume and liquidity.
Dogecoin (DOGE) is showing early signs of a bullish reversal on the lower timeframes. The meme coin has flipped the 200-period moving average on the hourly chart into support, a development that often precedes a continuation rally. This shift, combined with a reclaim of the point of control, indicates that market participants are beginning to position for higher targets.
The current technical setup supports a potential rotation toward the upper boundary of the existing value-area range. With growing speculation that Dogecoin could reach $1 if the SEC approves a DOGE ETF this month, bullish momentum may continue to build.
Key Technical Points
- 200 Moving Average Reclaimed: DOGE has successfully flipped the 200 moving average on the hourly time frame into support, confirming renewed bullish strength.
- Value Area High: Price is holding above the current VAH region, maintaining the upper range structure that favors continuation.
- Target Zone: The next major resistance lies at $0.32, aligning with previous liquidity and volume clusters.
Dogecoin’s recent move
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Author: Aziz Zamani
