Dogecoin started a fresh decline from the $0.1680 zone against the US Dollar. DOGE is consolidating and might extend losses below the $0.150 support.
DOGE price started a fresh decline below the $0.1620 and $0.1580 levels.
The price is trading below the $0.1600 level and the 100-hourly simple moving average.
There is a short-term rising channel or a bearish flag forming with support at $0.1540 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses if it breaks the $0.1520 support zone.
Dogecoin Price Turns Red
Dogecoin price started a fresh decline after it failed to clear $0.1680, like Bitcoin and Ethereum. DOGE dipped below the $0.1620 and $0.1600 support levels.
The bears were able to push the price below the $0.1550 support level. It even traded close to the $0.1500 support. A low was formed at $0.1504 and the price recently corrected some losses. There was a minor move above the 23.6% Fib retracement level of the downward m
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