๐Ÿš€ Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?

๐Ÿ“‰ Dogecoin Faces Resistance
Dogecoin (DOGE) started a decline from the $0.180 resistance, dropping below $0.1650 and the 100-hourly SMA. Currently, itโ€™s testing the $0.1550 resistance with key resistance at $0.1580. A breakout could push DOGE toward $0.1600 and $0.1650.

๐Ÿ“Š Price Recovery Attempts
After hitting a low of $0.1422, DOGE is attempting a recovery. It climbed above the $0.150 resistance and the 23.6% Fib retracement level of the recent decline. A move above $0.1580 could open the door to more gains, targeting $0.1720.

โš ๏ธ Potential Decline
If DOGE fails to break the $0.1550 resistance, it may face another decline. Immediate support is at $0.1480, with stronger support at $0.1420. A break below $0.1400 could lead to a drop toward $0.1300.

๐Ÿ“Š Technical Indicators
The hourly MACD is losing bearish momentum, while the RSI is above 50, showing some strength. Key support levels are $0.1480 and $0.1420, with resistance at $0.1550 and $0.1580.