Dogecoin (DOGE) Bounces Back — But Hits a Wall at $0.168 Resistance

Dogecoin’s latest recovery attempt just face-planted at a key psychological barrier. The meme coin rallied—only to smack into stubborn resistance at $0.168, leaving traders wondering if the hype train’s running out of steam.

The Pump That Wasn’t

DOGE clawed back from recent lows, teasing bulls with a glimmer of momentum. But the $0.168 level proved too much to chew, acting like a financial forcefield against further gains. Classic crypto: all rally, no follow-through.

What’s Next for the Meme Coin?

Without a decisive break above $0.168, DOGE risks sliding back into meme purgatory. Traders are watching for either a bullish catalyst (Elon tweets, anyone?) or a breakdown that confirms this is just another dead-cat bounce. Meanwhile, Wall Street snickers into its spreadsheets.

Dogecoin Price Faces Resistance

Dogecoin price started a fresh increase above the $0.1450 zone, like Bitcoin and Ethereum. DOGE was able to climb above the $0.1550 and $0.160 resistance levels.

The bulls even pushed the price above the $0.1650 resistance. A high was formed at $0.1699 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward MOVE from the $0.1572 swing low to the $0.1699 high.

Dogecoin price is now trading above the $0.1650 level and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $0.1650 on the hourly chart of the DOGE/USD pair.

Immediate resistance on the upside is NEAR the $0.1680 level. The first major resistance for the bulls could be near the $0.1720 level. The next major resistance is near the $0.1750 level. A close above the $0.1750 resistance might send the price toward the $0.180 resistance. Any more gains might send the price toward the $0.200 level. The next major stop for the bulls might be $0.2120.

Another Drop In DOGE?

If DOGE’s price fails to climb above the $0.1680 level, it could start another decline. Initial support on the downside is near the $0.1660 level or the trend line zone. The next major support is near the $0.1620 level and the 61.8% Fib retracement level of the upward move from the $0.1572 swing low to the $0.1699 high.

The main support sits at $0.160. If there is a downside break below the $0.160 support, the price could decline further. In the stated case, the price might decline toward the $0.150 level or even $0.1450 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1650 and $0.1620.

Major Resistance Levels – $0.1680 and $0.1800.