Can DOGE Break Resistance Or Face Another Pullback?
Despite bullish sentiment, Dogecoin still faces major hurdles before achieving a decisive breakout.
After topping $0.1920, DOGE experienced a pullback, falling below key support at $0.1750.
According to data from Cryptonews, the token is trading under its 100-hour simple moving average and is forming a bearish trend line with resistance at $0.1740
Technically, DOGE needs to break above $0.1800 and close above the $0.1850 level to sustain upward momentum.
A move above $0.1920 would open the door to testing the psychological $0.20 resistance. Beyond that, the next major targets lie at $0.1980 and $0.2000.
On the downside, immediate support lies at $0.1700, followed by $0.1680. Should DOGE fail to hold these levels, it could fall toward stronger support at $0.1600, or even $0.1550 and $0.1450 in an extended decline.
That said, technical indicators paint a mixed picture. The MACD is losing bearish momentum, while the RSI is slightly above 50, suggesting mild bullishness.
As the market awaits clarity, the narrative surrounding Dogecoin continues to evolve. Whether it breaks above $0.20 soon or faces a further consolidation phase, DOGE is increasingly being viewed through a lens of long-term viability.
