Dogecoin (DOGE) Eyes Potential 10% Upswing If This Level Breaks

In the previous week, Dogecoin's price broke through the $0.067 barrier at the MA 50 to advance to the upper portion of the range.

Bulls were unable to sustain the move, leaving Dogecoin caught between its daily moving averages of 50 and 200, which currently stand at $0.067 and $0.076, respectively.

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A climb above this point may aim for the $0.085 level up ahead, which would imply a 10% increase from there. Furthermore, sustained bullish activity might push Dogecoin to highs of $0.094 and even $0.104.

On-chain data provides this glimpse

A glimpse at this indicator hints at a relatively tiny resistance near the current price level, which is around the $0.072 level. This is where 8,180 Dogecoin addresses bought 382.79 million DOGE.

The next major resistance range for Dogecoin is between $0.072 and $0.085, where 40.22 billion DOGE were bought by 599,390 addresses. This could serve as a barrier to further price rises at those levels.

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