Dogecoin tests $ 0.5 level

Dogecoin DOGE $0.13 Department Of Government Efficiency -5.47% Market capitalization $0.13 billion VOL. 24 hours $0.73 billion is showing steady growth, having overcome key resistance levels. Experts believe that the token can reach new highs if the positive trend continues.

It is reported that the Dogecoin price has started a new stage of growth, exceeding $ 0.4150, following Bitcoin and Ethereum.

DOGE rose above the resistance levels of $ 0.4250 and $ 0.4400, reaching a high of $ 0.4637, which is an increase of more than 5%.

Currently, the price is consolidating below $ 0.4500, with a slight decline to $ 0.4400. However, Dogecoin continues to trade above $ 0.4300 and the 100-hour simple moving average.

At the time of writing, DOGE’s price reached $ 0.429, its market capitalization is $ 63.07 billion,
and daily sales reached $ 10.57 billion.

On the DOGE/USD chart, a key upward support line is forming at $ 0.4300.

The nearest resistance level on the way to growth is $ 0.4550, and the main level is $ 0.4640.

In case of a breakout, the price could reach $ 0.4880, and the next target could be $ 0.5000 or even $ 0.5200.

It is worth adding that if DOGE fails to break through $ 0.4500, a decline is possible.

The main support is located at $ 0.4150. A breakout below this level could lead to a drop to $ 0.4000 or even $ 0.3800.

Experts believe that Dogecoin has significant potential for continued growth, especially if it overcomes key resistances.

Traders expect that DOGE could gain a foothold above $ 0.5000 in the near future, which would be an important step towards new heights.