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Dogecoin Faces Resistance at $0.1850, Support Near $0.1680
Dogecoin (DOGE) Market Update:
- DOGE price started a downward correction, falling below $0.180 and the 100-hourly simple moving average.
- A key bullish trend line was broken at $0.1750 on the DOGE/USD hourly chart, indicating potential further downside.
- The price is currently consolidating and may find support near $0.1680.
Price Movement and Resistance Levels
- DOGE previously climbed above $0.1750 but faced resistance at $0.1859 before correcting gains.
- Immediate resistance levels are at $0.1760, $0.1800, and $0.1850.
- If the price closes above $0.1850, it may target $0.1920 and potentially $0.20.
- The next major resistance could be $0.2120 if upward momentum continues.

Potential for Further Losses
- If DOGE fails to rise above $0.180, it may continue to decrease, with initial support at $0.1715.
- Main support levels are at $0.1700 and $0.1680; a break below these could lead to $0.1565 or even $0.1520.
Technical Indicators
- The MACD for DOGE/USD is gaining momentum in the bearish zone.
- The RSI for DOGE/USD is below the 50 level, indicating potential further declines.
Investors should monitor these support and resistance levels closely to gauge market direction.