Dogecoin has experienced a significant correction in the past two days, dropping straight from 0.151 to below 0.145. For a while, the bears were shouting loudly. However, the bulls' resilience is still quite strong. They quickly responded around 0.142, managing to withstand the downward pressure. The current price has rebounded above 0.1425 and is steadily holding above the 100-hour moving average, which is a vital support line. The short-term technical outlook remains bullish.

Looking upward, this level is quite tight. As long as it can hold the psychological barrier at 0.140, Dogecoin has a chance to surge again in the short term. Technically, the recent resistance levels are at 0.145, 0.150, and 0.151. If these levels are broken one by one, the next target could be 0.155, or even more aggressively, 0.176.

Conversely, if the bulls fail to break through this wave and the price falls below 0.142, there is a risk of retesting 0.135. Deeper support levels are around 0.132 and 0.130.

Overall, this current movement looks more like a consolidation during an upward trend, a typical profit-taking phase rather than a trend reversal signal. As long as there are no significant changes in the fundamentals, this kind of correction could be an opportunity to enter the market.