Dogecoin started a fresh decline below the $0.250 zone against the US Dollar. DOGE is now consolidating and might dip further if it stays below $0.2550.
DOGE price started a fresh decline below the $0.250 level.
The price is trading below the $0.250 level and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $0.2450 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses if there is a move below $0.230.
Dogecoin Price Turns Red
Dogecoin price started a fresh decline after it closed below $0.2550, like Bitcoin and Ethereum. DOGE declined below the $0.250 and $0.2450 support levels.
The price even traded below $0.2350. A low was formed near $0.230, and the price recently attempted a recovery wave. There was a move above the 23.6% Fib retracement level of the main decline from the $0.2888 swing high to the $0.2302 low.
However, the bears were active near the $0.250 resistance. Besides, th
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