Dogecoin Price Declines Below $0.180 as Bearish Momentum Grows

Dogecoin (DOGE) is experiencing a decline, trading below key support levels.

DOGE dropped below $0.1880 and $0.180, currently consolidating losses.
The price is under $0.1850 and the 100-hourly simple moving average.
A bearish trend line has formed, with resistance at $0.1880.
If it falls below $0.1680, further declines are likely.

Current Price Action

DOGE's price has decreased from the $0.20 zone, forming a low at $0.1687. It is trading below the 23.6% Fibonacci retracement level of the recent downturn.

Resistance levels include:

$0.1760 (immediate)
$0.1840 (major resistance near 50% Fib retracement)
$0.1880 (next major resistance, possible move toward $0.20 if cleared)

Potential Further Declines

If DOGE does not rise above $0.1850, it may decline further. Key support levels are:

$0.1685 (initial support)
$0.1650 (major support)
$0.1550 (main support, potential drop to $0.1350 or $0.1320 if breached)

Technical indicators show:

MACD indicates losing momentum in the bearish zone.
RSI is below 50.