Dogecoin Price Declines Below $0.180 as Bears Strengthen Control

Dogecoin (DOGE) Price Update

Dogecoin declined from $0.1880, trading below $0.180 and the 100-hourly simple moving average.
A bearish trend line is forming with resistance at $0.1760.
The price reached a low of $0.1695, consolidating losses below the 23.6% Fib retracement level from $0.2064 to $0.1697.
Immediate resistance levels are $0.1760 and $0.1785; significant resistance near $0.180 could lead to a rise towards $0.1880.
If DOGE fails to break above $0.180, it may decline further, with initial support at $0.1720 and major support at $0.1680.
A break below $0.1680 could result in declines towards $0.1550 or $0.1525.

Technical indicators show the MACD losing momentum while the RSI remains above 50.