Dogecoin (DOGE) is currently testing a crucial support level at $0.129, following a small bullish rebound on December 16. The cryptocurrency's short-term technical indicators, including a 4-hour hammer pattern and a 2-hour platform, confirm this support and resistance zone. If the support holds, DOGE may attempt to break through the 1-hour Vegas channel resistance at $0.134. However, a failure to maintain the $0.129 support could lead to a further decline, testing the mid-term support level at $0.12. Traders are closely monitoring these levels to gauge DOGE's next move in the market.