Dogecoin started a fresh decline below the $0.1550 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1560.
- DOGE price started a fresh decline below the $0.150 level.
- The price is trading below the $0.150 level and the 100-hourly simple moving average.
- There is a bearish trend line forming with resistance at $0.1550 on the hourly chart of the DOGE/USD pair (data source from Kraken).
- The price could extend losses if it stays below $0.1550 and $0.1620.
Dogecoin Price Dips Further
Dogecoin price started a fresh decline after it closed below $0.1620, like Bitcoin and Ethereum. DOGE declined below the $0.160 and $0.1550 support levels.
The price even traded below $0.150. A low was formed near $0.1448, and the price is now showing bearish signs below the…
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