$DOGE 🚨🚨

$DOGE is demonstrating robust support as its value surges beyond $0.160 against the US Dollar, with potential for further gains surpassing $0.1650. Maintaining a positive trajectory, the cryptocurrency has breached the $0.160 barrier and sustains its position above both this level and the 100-hour Simple Moving Average (SMA). Analysis of the hourly DOGE/USD chart reveals a bullish trend line, indicating support at $0.160.

The recent ascent of #Doge , akin to Bitcoin and Ethereum, has seen it consistently trading above $0.1500 over numerous sessions, with bullish momentum culminating in the breach of the $0.160 barrier. Despite reaching a swing high of $0.1646, subsequent fluctuations saw a temporary dip below the $0.1620 support level, followed by a surge below the 23.6% Fibonacci retracement line from the swing low of $0.1571 to the high of $0.1646.

While resistance is observed at $0.1640, a pivotal barrier awaits near $0.1650. A decisive breakthrough above this level could propel the price towards $0.1720 initially, with further gains potentially targeting $0.1750 and $0.1800. However, failure to breach $0.1650 may prompt a downside correction, with initial support found at the aforementioned trend line and $0.160 level. Further support levels lie at $0.1580 and $0.1520, should a deeper retracement occur.

$DOGE 🔥🔥