On the upside, the price is facing resistance near the $3,850 level. There is also a major bearish trend line forming with resistance near $3,850 on the hourly chart. The next key barrier is $3,950, above which the price could revisit the $4,200 resistance.
If not, there could be a fresh decline towards the $3,680 level. The next key support is near $3,600, below which it could dive towards the $3,500 level.
DOGE formed a base above the $0.150 level and started a major increase. The price cleared the $0.165 and $0.180 resistance levels. There was a clear move above the $0.190 level and the 21 simple moving average (H4).
The upward move was such that the price even surged above the $0.200 level. A high was formed near $0.222 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the recent rally from the $0.152 swing low to $0.222 high.