Dogecoin started a recovery wave above the $0.0980 zone against the US Dollar. DOGE is now facing hurdles near $0.1010 and might struggle to continue higher.
DOGE price started a recovery wave from $0.0965 and climbed above $0.0990.
The price is trading below the $0.10 level and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $0.1010 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could continue to move up if it stays above $0.1010.
Dogecoin Price Faces Resistance
Dogecoin price started a recovery wave from the $0.0965 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.0980 and $0.0988 resistance levels.
There was a decent upward move above the 38.2% Fib retracement level of the downward move from the $0.1031 swing high to the $0.0964 low. However, the price struggled near $0.10. There is also a bearish trend line forming with resistance at $0.1010 on the hourly chart of the DOGE/USD pai
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