Dogecoin Faces Resistance After Decline Below $0.1400
- Dogecoin price fell below the $0.1400 and $0.1380 levels.
- The price is currently trading under the $0.1380 mark and the 100-hourly simple moving average.
- A key bearish trend line is forming with resistance at $0.1375 on the hourly chart of DOGE/USD.
- Immediate resistance is near $0.1380, with major resistance levels at $0.140 and $0.1425.
- Initial support on the downside is near the $0.134 level, with main support at $0.130.
Dogecoin’s recent decline aligns with similar movements in Bitcoin and Ethereum, as it struggles to maintain stability above critical support levels amid a bearish trend.
The price could face further declines if it remains below key resistance points, potentially testing lower support levels like $0.1325 or even down to $0.125 in the near term.
