##DogecoinCommunity For a Big Move!

Dogecoin is climbing past $0.160 against the US Dollar, maintaining its gains and potentially surpassing $0.1650.

- **DOGE price**: Rising above the $0.160 barrier.

- **Current position**: Above $0.160 and the 100-hour SMA.

- **Chart trend**: The hourly DOGE/USD chart shows a bullish trend line with support at $0.160.

- **Next milestone**: To gain momentum and continue rising, the price must settle above $0.1650.

### Dogecoin Maintains Support

Dogecoin, like Bitcoin and Ethereum, has been consistently rising above $0.1500. DOGE bulls recently broke through the $0.160 barrier, reaching a swing high of $0.1646 before a slight reversal. The price dipped below $0.1620 but surged above the 23.6% Fib retracement line from the $0.1571 low to the $0.1646 high. Currently, Dogecoin is trading above $0.160 and the 100-hourly simple moving average, with a bullish trend line providing support at $0.160.

### Resistance and Potential Upward Movement

Dogecoin faces upward resistance at $0.1640, with the next major resistance at $0.1650. Closing above $0.1650 could propel the price to $0.1720 and possibly towards $0.1750. Further advances might even push the price towards $0.1800.

### Potential Downside Correction

If DOGE fails to surpass $0.1650, it may decline again. The first support is at the trend line and $0.160, with significant support near $0.1580, around the 50% Fib retracement level from the $0.1571 low to the $0.1646 high. Breaking below $0.1580 could lead to a further drop towards $0.1520.

### Tech Indicators

- **Hourly MACD**: DOGE/USD MACD is losing bullish momentum.

- **Hourly RSI (Relative Strength Index)**: DOGE/USD is above 50.

- **Major Support Levels**: $0.1620, $0.1600, $0.1580.

- **Major Resistance Levels**: $0.1640, $0.1650, $0.1720.

#elonmusk