Dogecoin (DOGE) Rebound Hits Resistance, Raising Fresh Rejection Risks

Dogecoin started a steady increase above $0.130 against the US Dollar. DOGE is now consolidating and might decline if it trades below $0.1275.DOGE price started a fresh increase above $0.1280 and $0.130.
The price is trading above the $0.130 level and the 100-hourly simple moving average.
There is a bullish trend line forming with support at $0.1315 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could aim for a fresh increase if it remains stable above $0.1280.Doge