Dogecoin (DOGE) Fights to Stay Afloat — Major Hurdles Remain 🐕
Dogecoin experienced a decline from the $0.1900 zone against the US Dollar, facing challenges near $0.1750. Despite attempting recovery, DOGE remains below the $0.180 level and the 100-hourly SMA. The price could rise if it breaks $0.1800. Resistance levels of $0.1840 and $0.1850 need to be overcome for significant recovery.
If DOGE fails to rise above $0.1750, it risks further declines. Support levels to watch are $0.170, $0.168, and $0.160. A break below $0.160 could lead to a drop to $0.155 or even $0.145. The MACD shows weakening momentum, but the RSI is above 50, indicating some recovery potential.
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