Dogecoin Price Declines Below Key Support Levels Amid Market Volatility

Dogecoin (DOGE) Price Overview

DOGE price declined from the $0.1720 zone, trading below $0.1650 and $0.1550.
Currently below the $0.160 level and the 100-hourly simple moving average.
A bearish trend line is forming with resistance at $0.160.
If it breaks the $0.1380 support, further losses may extend toward $0.1200 or $0.1120.

After failing to clear $0.1720, DOGE dipped below key support levels, forming a low at $0.1296. A minor correction occurred above the 50% Fibonacci retracement level but faced resistance near $0.1560 and the 61.8% level of the downward move.

Immediate resistance is at $0.1500, with significant resistance expected at $0.1550 and $0.160. If the price remains below $0.150, potential declines may occur.

Technical Indicators

MACD indicates bearish momentum.
RSI is below the 50 level.
Major support levels are at $0.1320 and $0.1280.
Major resistance levels are at $0.1500 and $0.1550.