$DOGE Sees Short-Term Gains Potential Amidst Key Chart Tests

Dogecoin has been one of the most enduring names in crypto, built from a meme and maintained by celebrity attention and a loyal community. It's trading at $0.07035 at the moment, down close to 2% over the past day.

Looking at the 1h and 4h chart structures, analysts see potential for a short-term move upwards.

The price just bounced off a support zone on the 1-hour chart, with the trendline acting as resistance. A clean break above this line puts $0.07136 in play as the first resistance level.

However, if the price loses the $0.06871 support zone, it could drag down to $0.06764.