Dogecoin's price has broken above $0.1150, with market support at $0.1115. If it fails to hold, the cryptocurrency may face downward pressure.
Dogecoin's price has risen above $0.1150.
Support is at $0.1115, close to the 61.8% Fibonacci retracement level from the swing low of $0.1095 to the high of $0.1153.
Resistance Levels and Trader Outlook
If it fails to reclaim $0.1150, a downward correction may occur.
Initial support is at $0.1115, with the next level at $0.1100. Major support is at $0.1075; if this level is breached, the price may approach $0.1030 or $0.1020.
Recent Historical Prices of Dogecoin
In early May, Dogecoin was trading close to $0.11, having consolidated in the range of $0.095 to $0.10 for several months. The breakout above $0.10 in early May marked the first stable move above this range since last quarter.