Dogecoin's price has been on a downward trend, unable to surpass the $0.20 resistance level. The digital currency experienced a significant bearish move, falling below $0.180 and $0.1650, reaching a low of $0.1283. However, DOGE has attempted a partial recovery, similar to Bitcoin and Ethereum.

The price has risen above the $0.1450 level, breaking the 23.6% Fib retracement level of the downward move from $0.2096 to $0.1283. Nevertheless, the bears are present near the $0.1680 resistance and the 50% Fib retracement level of the downward move from $0.2096 to $0.1283. The price is currently consolidating near the $0.1550 level, with a key contracting triangle forming with support at $0.1540 on the 4-hour chart of the DOGE/USD pair.

DOGE is currently below the $0.1600 level and the 100 simple moving average (4 hours). On the upside, the price faces resistance near the $0.160 level. The next significant resistance is near the $0.170 level. A close above the $0.170 resistance might push the price towards the $0.1880 resistance. The next major resistance is near $0.200. Any additional gains might push the price towards the $0.220 level.

If DOGE's price fails to gain momentum above the $0.160 level, it might continue to decline. Initial support on the downside is near the $0.1520 level. The next major support is near the $0.1450 level. If the price breaks below the $0.1450 support, it might decline further towards the $0.120 level.

The MACD for DOGE/USD is gaining momentum in the bearish zone, and the RSI for DOGE/USD is below the 50 level. The major support levels are $0.1520, $0.1450, and $0.1280, while the major resistance levels are $0.1600, $0.1780, and $0.200.