The price of Dogecoin (DOGE) has recently increased after surpassing the moving average lines and the resistance level at $0.64. The altcoin reached a high of $0.075 before experiencing a slight retreat to $0.067, but then continued its upward trend, reaching a high of $0.073. This suggests that DOGE will continue to rise, with a potential target of $0.086.
Technical indicators also support the bullish outlook for Dogecoin. The price bars have broken through the moving average lines and formed a bullish crossover, indicating further upward movement. However, in the lower time frame, DOGE is currently fluctuating between the moving average lines.
Key resistance levels for Dogecoin are at $0.12 and $0.14, while key support levels are at $0.06 and $0.04. The next direction for DOGE will depend on whether the bulls can break above the 21-day simple moving average or if the bears can push below the 50-day simple moving average.
Overall, Dogecoin is showing signs of bullish momentum, but further price action is needed to confirm its next move.
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Source: [Coinidol](https://coinidol.com/dogecoin-price-analyst-74/)
