Dogecoin (DOGE) has recently experienced a price correction, testing the $0.150 zone against the US Dollar, but it is establishing a base and showing signs of a possible upward movement above $0.1520. Despite the pullback, DOGE is trading above $0.150 and the 100-hourly simple moving average, indicating a potential bullish trend.

After surging towards $0.160, DOGE experienced a retracement but is currently trading above $0.150, with a crucial bullish trend line forming with support at $0.1485 on the hourly chart of the DOGE/USD pair. This trend line suggests a potential upward movement, with key resistance levels at $0.1515 and $0.1540, corresponding to the 23.6% and 50% Fibonacci retracement levels from its recent high to low.

Breaking the $0.1540 resistance could propel DOGE towards $0.160, followed by further gains towards $0.1650 and $0.1720. However, failure to surpass this resistance may lead to another decline, with initial support near $0.150 and the trend line, followed by major support at $0.1445. A break below this level might trigger a decline towards $0.1350.

In conclusion, Dogecoin's price movement suggests a consolidation phase with potential for an upward surge above key resistance levels. Sustaining above $0.150 and breaching $0.1540 are crucial for bullish momentum. Investors should closely monitor these levels to assess DOGE's next direction, as a breakout above $0.1520 could indicate a potential upward trend.

The current price action suggests a potential base formation, with DOGE establishing a support zone around $0.150. A breakout above $0.1520 could indicate a potential upside move, with key resistance levels at $0.1540 and $0.160. Investors should closely monitor these levels, as a breach of $0.1540 could propel DOGE towards $0.1650 and $0.1720.

On the other hand, failure to surpass $0.1540 could lead to another decline, with initial support near $0.150 and the trend line. A break below $0.1445 could trigger a decline towards $0.1350. Therefore, investors should closely monitor these levels to assess DOGE's next direction, as the current price action suggests a potential consolidation phase with potential for an upward surge.