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Dogecoin Faces Resistance at $0.1450 Amid Recovery Attempts
Dogecoin Recovery and Resistance
- Dogecoin (DOGE) has initiated a recovery wave above $0.140, trading above the 100-hourly simple moving average.
- A bullish trend line is forming with support at $0.1405 on the hourly chart.
- DOGE faces resistance near $0.1450 and could struggle to move higher if it stays below $0.140 and $0.1380.
Price Dynamics
- DOGE climbed above the $0.1380 and $0.140 resistance levels, similar to Bitcoin and Ethereum.
- The price surpassed the 23.6% Fib retracement level from the $0.1532 high to the $0.1351 low but bears are active around $0.1440 - $0.1450.
- A potential upward move could face resistance at $0.1450 and $0.1490.
- The next significant resistance levels are $0.1530 and potentially $0.1620, with further gains possibly reaching $0.170 or $0.1720.

Potential Downtrend
- If DOGE fails to break above $0.1450, it may decline with initial support near $0.140 and major support at $0.1350.
- A breakdown below $0.1350 could see prices drop to $0.1265 or $0.1250.
Technical Indicators
- Hourly MACD: Losing momentum in the bullish zone.
- Hourly RSI: Below the 50 level.
- Key Support Levels: $0.1400 and $0.1350.
- Key Resistance Levels: $0.1450 and $0.1530.