According to @TATrader_Alan, Dogecoin (DOGE) demonstrated a significant 4.7% recovery, bouncing from an intraday low of $0.164 to close near $0.171 following a broad market sell-off. The analysis identifies key technical levels, with volume-based support established at $0.164 and firm resistance near $0.172. Despite the rebound, technical patterns suggest caution, pointing to a descending triangle which is typically a bearish signal. Furthermore, the Relative Strength Index (RSI) at 33.29 indicates that DOGE is approaching oversold territory, which could attract bearish bets. The report notes that a break above $0.1750 could target the next resistance at $0.1820, while a failure to hold current levels might trigger a retest of the $0.1640 support or even $0.150 in a risk-off scenario. This price action occurs amidst macroeconomic pressure from the U.S. Federal Reserve's restrictive monetary policy.