Dogecoin has experienced a recovery wave, surpassing the $0.250 zone against the US Dollar. The price is currently consolidating and may face resistance at around $0.2655. After a decline from the $0.2940 level, Dogecoin dipped below key support levels at $0.280 and $0.2655 before dropping even further to below $0.250. However, the price has started to rise again and has surpassed the $0.250 resistance level. It has also broken above a bearish trend line and is currently trading above the $0.250 level and the 100-hourly simple moving average. The immediate resistance is at $0.260, with major resistance levels at $0.2655 and $0.2725. A close above $0.2725 could send the price towards $0.300 and possibly even $0.320. On the downside, if the price fails to climb above $0.260, it could initiate another decline. The main support levels are at $0.2520, $0.2500, and $0.2380. Should the price break below $0.2380, it could decline further towards $0.2250 or even $0.2120 in the near term. The hourly MACD is gaining momentum in the bullish zone, and the hourly RSI is above the 50 level.



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