Dogecoin (DOGE) price has broken above $0.1700, initiating a new round of upward movement.
Currently, the price is retracing and may find support around $0.1650.
Upward and Retracement
Dogecoin rose to $0.1852 after breaking above $0.1650, but then began to retrace.
The price has broken below the support levels of $0.1800 and $0.1750, and has also fallen below the 23.6% Fibonacci retracement level.
Currently, the price is stabilizing above $0.170 and has broken above the 100-hour simple moving average.
If it breaks above $0.1780, it may challenge $0.1800, with further targets at $0.1850, $0.1920, and $0.1980.
Downward Risk
If it does not break through $0.180, Dogecoin may retrace to $0.1720, $0.1705, or even $0.1650.
If it falls below $0.1650, it may test $0.1550 in the short term.
Technical Indicators
MACD: Losing upward momentum.
RSI: Below 50, lacking strong upward momentum.
Support and Resistance
Support levels: $0.1705, $0.1650
Resistance levels: $0.1800, $0.1850
Overall, Dogecoin is currently adjusting at a key price point, and attention should be paid to breakout or retracement trends.