Dogecoin Price Targets $0.1850 After Pullback: Can DOGE Bounce Back?

Dogecoin (DOGE) is showing renewed bullish momentum after a strong rally past the $0.1700 resistance zone against the US Dollar. The meme coin followed the broader crypto market trend, climbing as high as $0.1852 before entering a short-term correction phase.

DOGE gained traction above the $0.1650 and $0.1700 levels, even pushing past the $0.1800 mark. However, after hitting resistance near $0.1850, sellers stepped in. The price slipped below $0.1800, and also breached a key bullish trend line with support near $0.1760 on the hourly chart of DOGE/USD, based on data from Kraken.

Despite this pullback, Dogecoin is still trading comfortably above the $0.1650 support and remains above its 100-hourly Simple Moving Average — an indicator of ongoing bullish sentiment.

Immediate resistance lies near the $0.1780 zone, followed by a stronger barrier at $0.1800. If buyers can regain control and DOGE closes above $0.1850, the next targets will likely be $0.1920 and $0.1980. A breakout above these levels could even open the door for a test of the $0.200 psychological resistance.

On the downside, if DOGE fails to surpass $0.1800, it may face renewed selling pressure. Key support levels to watch include $0.1720 and $0.1705 — the latter aligning with the 50% Fibonacci retracement level of the move from $0.1558 to $0.1852. A drop below the $0.1650 support could trigger a deeper correction toward $0.1550 or possibly $0.1450 in the near term.

Technical Indicators:

• MACD (Hourly): The MACD for DOGE/USD is gradually losing pace in the bullish territory.
• RSI (Hourly): The Relative Strength Index has dipped below the 50 level, indicating weakening momentum.

Support Levels: $0.1705, $0.1650
Resistance Levels: $0.1800, $0.1850

Dogecoin traders will be closely watching the $0.1800 zone. A decisive move above it could solidify a fresh bullish wave. Until then, caution remains, with support near $0.1650 acting as the key level to hold.