Dogecoin started a fresh decline from the $0.2540 zone against the US Dollar. DOGE is now consolidating losses and might extend losses below $0.2200.
DOGE price started a fresh decline below the $0.2420 and $0.2400 levels.
The price is trading below the $0.240 level and the 100-hourly simple moving average.
There is a connecting bullish trend line forming with support at $0.2230 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could start a fresh increase if it clears the $0.230 resistance zone.
Dogecoin Price Holds Support
Dogecoin price started a fresh decline after it failed to clear the $0.2550 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.2420 and $0.2400 levels.
The bears even pushed the price below the $0.2200 level. A low was formed at $0.2157 and the price is now consolidating losses. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $0.2542 swing high to the $0.2157 low.
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We współpracy z: https://www.newsbtc.com/analysis/doge/dogecoin-doge-at-risk-0-2120/
