Dogecoin started a fresh decline below the $0.2620 zone against the US Dollar. DOGE is now consolidating and struggling to clear the $0.2550 resistance.
DOGE price started a fresh decline below the $0.270 and $0.2620 levels.
The price is trading below the $0.2580 level and the 100-hourly simple moving average.
There was a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could start another increase if it clears the $0.2550 and $0.2620 resistance levels.
Dogecoin Price Struggles To Gain Pace
Dogecoin price started a fresh decline below the $0.2750 zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.270 and $0.2620 support levels. It even spiked below $0.2550.
A low was formed at $0.2420 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward move from the $0.2830 swing high to the $0.2420 low. There was also
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