#DOGE $DOGE
### Dogecoin Price Analysis: Will DOGE Break $0.185?
#### Market Overview
The cryptocurrency market is experiencing selling pressure in the early Thursday session, with several digital assets trading in the red. Major cryptocurrencies have dropped as much as **5%**, as traders take profits following a steady rise earlier this week. **Dogecoin (DOGEUSD)** has lost approximately **6%** in the last 24 hours.
#### DOGE’s Resistance Battle
After briefly testing the **$0.185 resistance level**, Dogecoin has since slipped, hitting intraday lows of **$0.169**. This failed breakout suggests that sellers are actively defending this price point, making it an immediate barrier for DOGE. A successful break above **$0.185** could indicate renewed bullish momentum.
#### What’s Next for Dogecoin?
According to market analysis, traders are closely watching DOGE’s ability to hold above key support levels. The **daily SMA 50**, currently positioned at **$0.168**, is a crucial level to monitor. If Dogecoin consolidates above this mark and attracts sufficient buying pressure, another attempt to breach **$0.185** may be on the horizon.
However, if DOGE fails to maintain its current levels, it could face further declines, potentially revisiting the **$0.13 support zone**.
#### Technical Indicators & Predictions
- The **Relative Strength Index (RSI)** is slightly above the **50 midpoint**, suggesting a slight traders.
- Consolidation appears more likely before Dogecoin makes its next major move.
- A **range-bound action** could see DOGE fluctuating between **$0.21 and $0.13** for some time.
- A **break and close above $0.21** would complete a **double-bottom pattern**, potentially pushing Dogecoin toward **$0.28**.
#### Final Thoughts
Dogecoin’s price movement remains uncertain, with traders keeping a close eye on key resistance and support levels. If bullish momentum strengthens, DOGE could attempt another breakout above **$0.185**. However, failure to hold current levels may lead to further declines.