Over the past two months, Dogecoin's price has increased by 100%, a relatively modest achievement compared to other altcoins, some of which have seen 300-400% growth. With the BTC chart maintaining an upward trend, DOGE also stands a chance for further rise.
To achieve this, the coin needs to break the resistance level of $0.097 and retest the seller zone between $0.102 and $0.107. If buyers can sustain above this range, DOGE might aim for a new local high near $0.115.
DOGE may also face a correction, especially if there's a downturn in Bitcoin's price. In such a scenario, DOGE could decline to the support zone of $0.0837-$0.0897 and test the buying strength at $0.0797.
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