DOGE Price Prediction: If DOGE successfully breaks through the 0.175 USD resistance level, it can challenge the 0.2 USD psychological barrier.

◆ DOGE starts a new round of pump The price of DOGE follows the steps of Bitcoin and Ethereum, successfully rebounding from the 0.1650 USD support zone. DOGE/USD strongly breaks through the two key resistance levels of 0.1665 USD and 0.1680 USD. Bulls further strengthen, pushing the price above 0.170 USD, and at one point touched the 50% Fibonacci retracement level of the downward wave from the 0.1722 USD high to the 0.1657 USD low.

As of July 9th, the Gate market shows that DOGE is currently at $0.17234, with a 24-hour rise of 2.65%.

◆ Current Technical Formation and Key Resistance Levels Currently, the DOGE trading price is solidly above 0.1680 USD and the 100-hour moving average. A bullish trend line is forming on the DOGE/USD hourly chart, providing support near 0.1680 USD.

• DOGE immediate resistance level is around 0.1720 USD.

• The first major resistance level is at the $0.1730 area (corresponding to the 61.8% Fibonacci retracement level of the aforementioned downward wave).

• The next key resistance is at 0.1750 USD. If the DOGE closing price successfully breaks through the 0.1750 USD resistance, it may open the door to 0.180 USD, and even has the potential to challenge the psychological level of 0.200 USD. The next important target for bulls may point to 0.2120 USD.

  

◆ Will DOGE drop again? Potential support level If the DOGE price fails to effectively break through 0.1750 USD, it may trigger a pullback.

• The primary support level on the downside is at 0.1680 USD (trendline area).
• The stronger support level is around 0.1650 USD.
• Key bottom support is at 0.1610 USD. If the DOGE price breaks below the 0.1610 USD support, it may accelerate downward, potentially testing the 0.1550 USD or even 0.1520 USD area in the short term.

◆ Technical Indicators Overview

• Hourly MACD: Located in the bullish zone with increasing momentum, indicating a positive short-term trend for DOGE.
• Hourly RSI: Currently above the 50 level, indicating a sustained buying momentum in the market.

◆ Summary of Key Support and Resistance Levels

• Main support levels: $0.1680, $0.1650
• Main resistance levels: $0.1720, $0.1750