Dogecoin struggled to rise above $0.1850 and corrected some gains against the US Dollar. DOGE is now consolidating and might find bids near 0.1680.
DOGE price started a fresh downside correction below $0.180.
The price is trading below the $0.1780 level and the 100-hourly simple moving average.
There was a break below a key bullish trend line with support at $0.1750 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could aim for a fresh increase if it remains stable above $0.1680.
Dogecoin Price Starts Another Pullback
Dogecoin price started a fresh increase after it settled above $0.1650, like Bitcoin and Ethereum. DOGE climbed above the $0.1750 resistance to enter a positive zone.
The bulls were able to push the price above $0.1800. A high was formed at $0.1859 and the price is now correcting gains. There was a move toward the 50% Fib retracement level of the upward move from the $0.1568 swing low to the $0.1859 high.
Besides, there was a br
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