Dogecoin (DOGE) is encountering resistance at $0.168, a critical level aligned with the 0.786 Fibonacci retracement. Despite recent declines, analysts note potential bullish momentum as the price shows signs of recovery. Over the past 24 hours, DOGE's price fell by 4%, reaching a low near $0.141, indicating significant selling pressure.
Traders are closely monitoring support around $0.140, which could determine the next price direction. A breakthrough above $0.168 may lead to higher targets between $0.198 and $0.218, with potential to test $0.24. Conversely, failure to hold support at $0.13 could see prices drop towards $0.10. Analyst Trader Tardigrade highlights a Tweezer candlestick pattern on the monthly chart, suggesting a possible bullish reversal.
Dogecoin Faces Resistance at $0.168 Amid Bullish Momentum
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