🚀 DOGE on the Move: Consolidation Signals Potential Bullish Breakout

Dogecoin again fell from $0.2250 versus the US Dollar. DOGE is consolidating losses and may rebound at $0.20.

Below $0.220 and $0.20, DOGE price fell again.
The price is below $0.20 and the 100-hour SMA.
On the hourly DOGE/USD chart, a positive trend line connects to $0.1910 support.

Clearing the $0.20 barrier zone might restart the rise.

Dogecoin Maintains Support

Dogecoin fell after failing to break $0.2450, unlike Bitcoin and Ethereum. DOGE fell below $0.220 and $0.20.

Bears drove the price below $0.1920. After a low of $0.1855, the price is consolidating losses. The 23.6% Fib retracement level of the bearish move from the $0.2279 swing high to the $0.1855 low was slightly exceeded.

Dogecoin is below $0.20 and the 100-hourly SMA. On the hourly DOGE/USD chart, a positive trend line connects to $0.1910 support.

Near $0.20 is immediate upward resistance. Bulls may see first resistance at $0.2060. The downward move from the $0.2279 swing high to the $0.1855 low is at the 50% Fib retracement level.

Near $0.2120 is the next significant resistance. A closing above $0.2120 might push pricing above $0.2250. More advances might push the price toward $0.2340. Bulls may target $0.250 next.

More DOGE losses?
DOGE may fall again if it fails to get over $0.20. The trend line and $0.1910 provide first negative support. Near $0.1850 is the next important support.

The major support is $0.1720. If the price breaks $0.1720, it might fall further. In this situation, the price may fall to $0.1650 or $0.1550 soon.

Tech Indicators

DOGE/USD hourly MACD is losing momentum in the negative zone.

Hourly RSI (Relative Strength Index): DOGE/USD is over 50.

Major Support Levels: $0.1910, $0.1855.

Major resistance levels: $0.2000, $0.2060.

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