Dogecoin Faces Resistance at $0.1540 Amid Recovery Efforts

Dogecoin (DOGE) has initiated a recovery above the $0.1420 mark against the US Dollar, showing movement above $0.1450 and the 100-hourly simple moving average.

DOGE price rose above $0.140 and $0.1420 but faces resistance at $0.1530 and $0.1540.
A bearish trend line is forming with resistance at $0.1530 on the hourly chart of DOGE/USD.
If DOGE remains below $0.1530 and $0.1540, it might face further losses.

Resistance and Support Levels

Immediate resistance for DOGE lies at $0.1530, followed by major resistance at $0.1540.
Breaking above $0.1590 could push the price toward the $0.1650 and potentially $0.1720.
If DOGE fails to surpass $0.1540, it may decline with initial support at $0.1460 and major support at $0.1330.
A breakdown below $0.1330 might lead to further declines towards $0.120 or $0.1120.

Technical indicators show the hourly MACD losing momentum in the bullish zone, while the RSI is above 50, indicating some strength.