Dogecoin’s breakout odds: Traders, watch out for THESE price levels! – BitRss

• DOGE ($0.39)’s 50-day MA at $0.37128 meets 0.236 Fib level at $0.36689 – key confluence zone could spark the next major move.
• Daily active addresses show a 1.55 million peak in November, current stability suggests the smart money accumulation phase.

Dogecoin[DOGE] is gaining attention as it nears key resistance levels. It was trading at $0.37076, at press time, with bulls attempting to clear significant resistance.

Strong on-chain activity and building price momentum have many investors speculating about a breakout. The popular meme token’s price action and on-chain metrics suggest a complex setup that could determine its next major move.

Key levels DOGE must break

Dogecoin’s price has been trading near a significant resistance zone at $0.09, which has historically acted as a barrier.

The 50-day Moving Average(MA) at $0.37128 currently acts as dynamic resistance, while the 200-day MA at $0.20570 provides long-term support, indicating a strong overall uptrend despite recent consolidation.