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Dogecoin holds $0.1420 support, eyes potential rise above $0.1450
Dogecoin (DOGE) Market Update:
- DOGE corrected downwards from $0.1510, trading below $0.1450.
- It holds support at $0.1420 and remains above the 100-hourly SMA.
- A bullish trend line is forming with support at $0.1420 (Kraken data).
- If DOGE maintains stability above $0.1400, a fresh increase is possible.
- Resistance levels are at $0.1450, $0.1500, and $0.1510.
- A close above $0.1510 could push price to $0.1550 or higher.

Downside Risks:
- If DOGE fails to surpass $0.1450, further decline may occur.
- Initial supports: $0.1420, $0.1410, and $0.1350.
- A break below $0.1350 could lead to prices dropping to $0.1320 or $0.1305.
Technical Indicators:
- Hourly MACD: Bearish momentum is gaining.
- Hourly RSI: Below 50, indicating a potential bearish trend.