Dogecoin (DOGE) Consolidates Strength, Calm Before Another Move?

Dogecoin recently experienced a significant price surge, climbing above the $0.1520 mark against the US Dollar and consolidating these gains in a positive zone. The price formed a high at $0.1541 but is currently undergoing a correction, trading below both the $0.150 level and the 100-hourly simple moving average. A bearish signal is indicated by the formation of a contracting triangle on the hourly chart, with resistance situated at $0.150. Immediate upside resistance is near $0.1480, with major resistance targets following at $0.150 and $0.1540, the latter opening the path to $0.1625 and potentially higher levels like $0.1720. Conversely, failure to maintain momentum above $0.150 could trigger a downside correction, with initial support at $0.1450 and critical support at $0.140. The main and strongest support is identified near $0.1360, which aligns with the 50% Fib retracement level of the recent upward move. A break below $0.1360 could lead to further drops, potentially toward $0.130 or $0.1280. Technical indicators show a loss of bullish momentum, as the Hourly MACD is declining in the bullish zone and the Hourly RSI is positioned below the 50 level. Sustaining above $0.140 is crucial for the price to attempt a fresh upward trajectory.