Dogecoin corrected some gains and traded below $0.0950 against the US Dollar. DOGE is now holding the $0.0915 support and might aim for a fresh increase.
DOGE price started a fresh downside correction below $0.0950.
The price is trading above the $0.0920 level and the 100-hourly simple moving average.
There is a declining channel forming with support at $0.0912 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 $0.0910.
Dogecoin Price Trims Gains
Dogecoin price started a downside correction after it failed to stay above $0.0980, like Bitcoin and Ethereum. DOGE declined below the $0.0965 and $0.0950 levels.
There was a move below the 50% Fib retracement level of the upward move from the $0.0859 swing low to the $0.1004 high. The price even spiked below $0.0950 before the bulls appeared. The price is now forming a base above $0.0920 and preparing for the next move.
There is a declining cha
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