๐ถ Dogecoin Recovers to $0.17 โ But Is the Breakout Faltering?
Dogecoin ($DOGE ) is trading above $0.1650, holding gains after breaking key resistance levels. However, the momentum is showing early signs of slowing.
๐ Key Highlights:
DOGE broke above $0.160 and $0.1650
Price now consolidating near $0.1700
Holding above 100-hour SMA and a bullish trend line at $0.1650
๐ฎ Upside Targets:
Immediate resistance: $0.1680
Next resistance zones: $0.1720, then $0.1750
Breakout potential toward $0.1800, possibly $0.200โ$0.2120
โ ๏ธ Downside Risk:
First support: $0.1660 (trendline)
Key support: $0.1620, then $0.1600
A drop below $0.160 could send DOGE back to $0.150 or even $0.1450
๐ Technical Outlook:
MACD: Losing bullish strength
RSI: Still above 50 (bullish zone)
Unless DOGE breaks and holds above $0.1680, the rally may stall. Watch closely โ momentum is there, but bulls must act fast.