Dogecoin Price Holds Steady Above Support Level

Dogecoin's price has corrected from its gains at the $0.0985 zone against the US dollar. The cryptocurrency is now trading above the $0.0950 support, which could potentially lead to a new upside.

The 100-hourly simple moving average and the bullish trend line forming with support at $0.0955 on the hourly chart of the DOGE/USD pair suggest that the price may be poised for an upward move. If the bulls can maintain stability above $0.0950, Dogecoin could aim for a fresh increase.