Dogecoin (DOGE) 🐶 is showing strength and is aiming to reach new highs this year. Here are some technical indicators that might provide insight into why DOGE prices are rising today:

1. New High of the Year Is Coming Soon

- Buyers come in strong at 13 cents support. Since then, the price has risen continuously and is ready to test the key resistance at 21 cents. If successful, DOGE will reach a new high this year, which could trigger further buying pressure.

2. Buyers Rush to Key Resistance

- Sellers are absent and cannot stop this increase. DOGE took advantage of this opportunity and was determined to break the 21 cent resistance. Momentum is also strong and a continuation of this price action is likely.

3. MACD Bullish Cross Confirmed

- This week, the daily MACD has crossed the bullish side. The histogram is making higher highs, and it looks like this bull run is just getting started. This is promising and sellers may only emerge much later when the price approaches 30 cents if the current resistance falls.

Come on, share your opinions about DOGE in the comments column! 😄🚀

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