Dogecoin (DOGE) pushed past the $0.1150 mark on Thursday, with traders eyeing a contracting triangle that could deliver a fresh leg higher or pull the meme coin back to $0.1075.
DOGE Price Climbs Above $0.1150
The token climbed past the $0.1120 resistance on May 14, analyst Aayush Jindal reported, with a session high of $0.1153 against the US dollar.
DOGE is now consolidating just below that peak. It is trading above the 100-hourly simple moving average, with a contracting triangle forming on the hourly DOGE/USD chart.
Support sits at $0.1115, near the 61.8% Fibonacci retracement of the move from the $0.1095 swing low to the $0.1153 high.
CoinGecko data corroborates the rally, showing a 3.90% daily gain and 24-hour volume above $1.93 billion.
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Resistance Levels And Trader Outlook
Immediate resistance now sits near $0.1140, followed by $0.1150 and $0.1165. A close above $0.1165 could open the door toward $0.1200 and then $0.1220, with $0.1250 as the next major target.
Jindal noted that the hourly MACD is losing momentum in the bullish zone, even as the RSI holds above 50.
A failure to reclaim $0.1150 could prompt a downside correction.
Initial support rests at $0.1115, with $0.1100 below it. The main floor sits at $0.1075, and a break there could send the price toward $0.1030 or $0.1020.
The setup echoes earlier May analysis, which flagged the $0.105 to $0.110 zone as a former resistance now acting as support, with $0.13 to $0.15 as the next upside target if bulls hold their ground.
Recent DOGE Price History
Dogecoin began May trading near $0.11, after months stuck in a $0.095 to $0.10 consolidation range. The breakout above $0.10 in early May marked the token's first sustained move out of that band since the prior quarter.
DOGE remains down roughly 84% from its all-time high of $0.7316, set during the 2021 meme coin rally, with a market capitalization near $17.6 billion at current levels.
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