Dogecoin started a recovery wave above the $0.0940 zone against the US Dollar. DOGE is now facing hurdles near $0.0975 and might struggle to continue higher.
DOGE price started a recovery wave from $0.0925 and climbed above $0.0940.
The price is trading above the $0.0950 level and the 100-hourly simple moving average.
There is a rising channel forming with resistance at $0.0970 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could continue to move up if it stays above $0.0925.
Dogecoin Price Hits Resistance
Dogecoin price started a recovery wave from the $0.0925 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.0935 and $0.0942 resistance levels.
There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1021 swing high to the $0.0926 low. However, the bears remained active near the $0.0970 zone. Besides, there is a rising channel forming with resistance at $0.0970 on the hourly chart of th
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