๐ถ ๐๐ข๐๐๐๐ข๐๐ก ๐๐ข๐๐๐๐ก๐ ๐๐๐ข๐ฉ๐ $๐ฌ.๐ญ๐ฒ๐ฑ โ ๐๐ฅ๐๐๐๐ข๐จ๐ง ๐ข๐ฅ ๐๐๐๐ฅ ๐ง๐ฅ๐๐ฃ?
Dogecoin (DOGE) recently bounced above $0.160 and is now stuck between key support and resistance. While bulls are active, momentum is fading โ and the next move could set the tone for the week.
๐ Current Market Snapshot
โ DOGE surged from $0.157 to $0.169
โ Price now above 100-hour Simple Moving Average
โ A bullish trendline supports price at $0.1650
Howeverโฆ
โ ๏ธ Price is struggling to break $0.1680
๐ MACD is losing bullish momentum
๐ RSI remains just above 50 โ neutral zone
๐ Key Levels to Watch
๐ฉ Support Zones:
$0.1650 โ trendline + recent bounce zone
$0.1620 โ Fib support + prior demand
$0.1600 โ major defense level
$0.1500 / $0.1450 โ downside target if breakdown occurs
๐ฅ Resistance Zones:
$0.1680 โ local top and current hurdle
$0.1720 โ breakout signal
$0.1800 โ psychological level
$0.2000โ$0.2120 โ next major bullish zone
โ What Traders Should Do
๐ธ Bullish Play:
โก๏ธ Watch for breakout above $0.1720 to confirm upside
โก๏ธ Target: $0.1800 โ $0.2000
โก๏ธ Stop-loss: Just below $0.1620
๐ธ Bearish Watch:
โ ๏ธ Drop below $0.1600 would break structure
โ ๏ธ Could signal a move down toward $0.1500โ$0.1450
๐ธ Neutral Play (Range-Traders):
Buy dips near $0.160โ$0.162
Sell near $0.168โ$0.172
Until a clear breakout happens
๐ง TL;DR โ In Simple Words:
Dogecoin is stuck under resistance at $0.168 but supported by a bullish trendline. If it breaks above $0.172, bulls may push for $0.180โ$0.200. But if DOGE falls under $0.160, more downside is likely. Be patient โ the breakout hasnโt happened yet.