Dogecoin has fallen below several key technical levels:

The 10-day SMA trading price is below the short-term average of $0.176, reflecting recent weakness. The 50-day SMA has broken below the mid-term average of $0.201, confirming a bearish trend. The 14-day RSI (Relative Strength Index) is at 31.94, in the oversold territory, but there are no bullish divergence signs.

The current key support level is $0.159, close to the 78.6% Fibonacci retracement level. If it fails to hold, the next target may be $0.14, which was previously touched in the April-May 2023 period.

Future DOGE trend: If bearish pressure continues and $0.159 fails, Dogecoin may further decline: the psychological level of $0.148 and historical support. The $0.136-$0.140 range is the last demand area before the price range earlier in 2023. In the short term, unless market sentiment improves or a favorable catalyst occurs (such as Musk endorsing again or integration into the X ecosystem), Dogecoin will struggle to recover lost ground.$DOGE