Dogecoin (DOGE) Recovery Sees Uptick — But Lacks Follow‑Through at $0.168

Dogecoin (DOGE) has recently experienced a fresh price increase, surpassing the $0.160 resistance level against the US dollar. The price is currently consolidating and trading above the $0.1620 level and the 100-hourly simple moving average. A bullish trend line is present, offering support around $0.1650 on the hourly chart. Immediate resistance is observed near $0.1680, with potential for further gains if this level is broken. Key resistance levels are also identified at $0.1720 and $0.1750, potentially leading to $0.180 and even $0.200. However, a failure to break above $0.1680 could trigger a price decline. Initial support is near $0.1660, with major support at $0.1620 and $0.160. A break below $0.160 might lead to a drop towards $0.150 or even $0.1450. The Moving Average Convergence Divergence (MACD) indicates weakening bullish momentum. The Relative Strength Index (RSI) is above the 50 level. Key support levels are $0.1650 and $0.1620 while resistance levels are at $0.1680 and $0.1800.