Dogecoin seems to be back ‘barking’ with a jump of over 80% to restore some annoyance to Doge investors.
The increase was slightly influenced by the rise recorded by Bitcoin which is currently at a price level of around $ 45,000.
The surge has also supported Dogecoin to rank 7th on CoinMarketCap with a market cap value of $ 35 billion.
Based on the DOGE/USDT chart,
Doge price is seen failing to break the resistance zone $ 0.29- $ 0.30 to decline again and head to trendline support before continuing to soar.
For the next target, the price is expected to pass the resistance zone of $ 0.29- $ 0.30 to make the latest HH (higher high) and remain with the bullish trend.
A higher rise will touch the next focus price zone around $ 0.33- $ 0.35 and will likely retest the all-time high (ATH) level of $ 0.74 once reached on May 8th.
However, if the Doge price declines again, the price will pass the support trendline to test the RBS zone (resistance become support) $ 0.24- $ 0.25.
A lower decline will push the Doge price to the next RBS level around $ 0.22.
As of 4.00 pm local time, the price of DOGE is seen to be proud with a jump of more than 4% to trade at the price level around $ 0.27.
