Currently, Dogecoin faces the next major resistance level at around $0.174. It is predicted that once this barrier is broken, Dogecoin has the potential to double, and the next key resistance level is around $0.322. Dogecoin fell 2.83% to $0.157 in the past 24 hours. A break below the 50-day moving average of $0.1541 could turn the short-term advantage in favor of the bears, which could lead to a drop to $0.14. In the meantime, the likely scenario remains consolidation, with Dogecoin trading between $0.18 and the 50-day moving average for a while. On the other hand, if Dogecoin rebounds, the price may target the $0.174 level. If it continues to break through, it may target the $0.21 level in the short term.
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