#DOGE Price Forecast: Rebound May Level Off Around $0.1770
Dogecoin (DOGE) is attempting to recover after breaking above the $0.150 resistance level. Analysts predict the rebound may stall around $0.1770.
Key Points:
Resistance: $0.1770, $0.1690
Support: $0.1525, $0.1475, $0.1280 (starting point of the comeback wave)
RSI: Above 50, indicating potential for further upside
Dogecoin's Rebound
DOGE has been on a comeback wave since finding support at $0.1280. It has broken through resistance levels at $0.1350 and $0.140.
The current price surge surpasses the 23.6% Fibonacci retracement level of the recent drop, but faces resistance at $0.170, marked by a downward trend line and the 100-simple-
moving average.
Breaking Above Resistance
If DOGE can decisively close above $0.170, it could reach $0.1880 and even $0.200. Further gains could see it climb to $0.220.
Failing to Break Through
Inability to break above $0.170 could trigger a reversal. Potential support levels on the downside are $0.1525, $0.1475, and $0.1280.
Overall, DOGE's outlook hinges on surpassing the $0.170 hurdle. A breakout could lead to further gains, while a rejection might trigger a pullback.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. $DOGE
