Dogecoin (DOGE) Strengthens as Altcoin Rally Signals Renewed Risk Appetite

Dogecoin started a major increase above $0.10 against the US Dollar. DOGE is now consolidating and might decline again if it fails to clear $0.1060. DOGE price started a fresh increase above $0.0950 and $0.10. The price is trading above the $0.10 level and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $0.0942 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0988. Dogecoin Price Consolidates Gains Dogecoin price started a fresh increase after it settled above $0.0950, like Bitcoin and Ethereum. DOGE climbed above the $0.0980 resistance to enter a positive zone. There was also a break above a bearish trend line with resistanc...