Dogecoin (DOGE) Price Struggles: Can It Overcome the Decline?

In the past few trading days, the price of DOGE has once again fallen like the price of Bitcoin and Ethereum to below $0.100. The price fell to $0.0980, entering the bearish trend zone deeper. The price rose to below $0.0920. A bottom was formed at $0.0917, and the price is currently attempting to recover. There was a slight increase in price at $0.0950. The price rose above the 23.6% Fibonacci retracement level of the downward movement from the highest point of $0.1005 to the lowest point of $0.0917.
The current price of DOGE is less than $0.100 and the 100-hour Simple Moving Average. The immediate resistance level is near $0.0962, which is a 50% recovery level from the downward movement from the highest point of $0.1005 to the lowest point of $0.0917.
The next major resistance is around $0.0985. A high closing price above the $0.0985 resistance level may lead to a drop towards the $0.100 resistance level. If the price continues to rise, it may drop towards $0.1050. Long positions may have their next major stop loss at $0.1120.
If DOGE price fails to break the $0.0985 level, it may decline again. The initial support level is around $0.0940. And the next major support level is near $0.0920.
The main support level is $0.090. If the support level is broken at $0.0900, the price may continue to decline. In this case, the price could reach $0.0862 or even $0.0850 in the short term.
Technical Indicator:
MACD in DOGE/USD on the hourly chart - MACD is currently losing momentum in the bearish zone.
Every hour RSI (Relative Strength Index) - RSI for DOGE/USD is now below the level of 50.
Support-Support - $0.0940 and $0.0920.
Main resistance level - $0.0985 and $0.1000.
(Data source: Aayush Jindal)