Dogecoin started a fresh decline below the $0.1450 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.140.
DOGE price started a fresh decline below the $0.1420 level.
The price is trading below the $0.140 level and the 100-hourly simple moving average.
There is a key declining channel forming with resistance at $0.1395 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses if it stays below $0.1400 and $0.1420.
Dogecoin Price Dips Again
Dogecoin price started a fresh decline after it closed below $0.1500, like Bitcoin and Ethereum. DOGE declined below the $0.1450 and $0.1420 support levels.
The price even traded below $0.140. A low was formed near $0.1348, and the price is now showing bearish signs. It is consolidating below the 23.6% Fib retracement level of the downward move from the $0.1539 swing high to the $0.1348 low.
Dogecoin price is now trading below the $0.140 level and the 100-
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