Mapped: Dogecoin (DOGE) surpasses Bitcoin Why was it able to test $ 0.5?

Dogecoin pushed its rally above the $ 0.4000 resistance against the US dollar. DOGE tested the $ 0.4500 area and is expected to remain higher in the near term. DOGE gained bullish momentum above the $ 0.3500 and $ 0.4000 resistance levels against the US Dollar. The price is trading well above the $ 0.3000 support and the 100 (4 hours) simple moving average. A key bullish trend line is forming on the 4-hour chart of the DOGE / USD pair (data source Bitfinex) with support near $ 0.3600. The pair corrects gains, but dips will likely stay below $ 0.3500. Dogecoin Rises to $ 0.45 After building a base above the $ 0.2800 and $ 0.3000 levels, dogecoin launched another rally. It overcame many major hurdles near the $ 0.3500 and $ 0.3550 levels and outperformed Bitcoin. DOGE rose above $ 0.4000 and was fixed above the simple moving average (4 hours). It tested the $ 0.4500 resistance zone and the top around $ 0.4512. The price is currently correcting gains and is trading below the $ 0.4400 level. It peaked below the $ 0.4200 support area. There was a break below the 23.6% Fib retracement level of the last rally from $ 0.2971 to $ 0.4512. Source: DOGEUSD on TradingView.com Initial downside support near $ 0.4000. The next major support is seen near the $ 0.3750 level. Near the 50% Fib retracement level of the last rally from the $ 0.2971 high to $ 0.4512. Major support is forming near the $ 0.3600 and $ 0.3500 levels. A key bullish trend line is forming with support near $ 0.3600 on the 4-hour chart of the DOGE / USD pair. Even more losses may open the door for a move towards the $ 0.3000 level. More advantages in DOGE If the DOGE price remains stable at $ 0.4000 or above the trend line, there is a chance to gain more advantages. Initial resistance to the upside is near the $ 0.4350 level. The first major resistance is near the $ 0.4500 level. Each have one

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