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 The price of Dogecoin continued its upward trend and successfully held on to its gains. After stabilizing above $0.1420, DOGE followed the lead of Bitcoin and Ethereum in starting a new uptrend and successfully broke through the $0.150 resistance and entered bullish territory. As the bulls gained strength, the price moved further above $0.1550 and touched a high of $0.1565. Currently, DOGE is in a technical consolidation phase, holding above the 23.6% Fibonacci retracement level of the uptrend from the $0.1330 low to $0.1565 high. Looking at the technical graphics, an uptrend line is forming support near $0.1490 on the one-hour chart of DOGE/USD. The current price has stabilized above $0.150 and the 100 hour simple moving average, showing a strong short-term structure. 🟢Upside potential: If buying continues, the first near-term resistance is near $0.1565. Further upside will face the key resistance area at $0.160. If it can effectively break through $0.1620, it may open up space to $0.1685 or even $0.1740. In the event of continued strength, $0.180 may become the next target for bulls. 🔴Downside risks: If DOGE fails to effectively break through $0.1565, it may trigger a correction. Initial support is at $0.1510, and more critical support is near $0.1480, coinciding with the trend line. $0.1450 is the 50% Fibonacci retracement level, which is an important psychological and technical support. If it fails, it may further test $0.1380, or even retest the low of $0.1330.  📊 List of technical indicators:
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