Dogecoin Price Declines Below Key Support Levels Near $0.150

Dogecoin (DOGE) is experiencing a decline, trading below key support levels against the US Dollar.

DOGE price declined below $0.1620 and $0.1580.
The price trades under $0.1600 and the 100-hourly simple moving average.
A bearish flag is forming with support at $0.1540 on the hourly chart.
If the price breaks below $0.1520, further losses are likely.

Current Price Analysis

Following a failure to break $0.1680, DOGE dropped below several support levels, forming a low at $0.1504. A minor correction occurred, but the price remains below $0.1600.

Immediate resistance is at $0.1580, with major resistance at $0.1600 and potential targets of $0.1700 and $0.1800 if the price recovers.

Potential for Further Decline

If DOGE fails to rise above $0.1600, it may continue to decline. Key support levels include:

$0.1540
$0.1520
Main support at $0.1500, with potential declines to $0.1420 or $0.1350 if broken.

Technical indicators show bearish momentum in the MACD and an RSI below 50.