Dogecoin Faces Bearish Pressure Below Key Resistance Levels
- Dogecoin price declined below the $0.10 and $0.0950 support levels.
- DOGE is trading below the $0.0950 level and the 100-hourly simple moving average.
- A key bearish trend line with resistance at $0.0958 is forming on the hourly chart of DOGE/USD.
- The price could extend losses if it remains below $0.0975, with major support near $0.0880.
Dogecoin’s recent decline has seen it fall below critical support levels, aligning with similar trends in Bitcoin and Ethereum. The bearish momentum is evident as DOGE trades under its significant moving averages and faces a strong resistance trend line.
If Dogecoin fails to recover above the $0.0958 resistance, further declines could push it towards the main support at $0.0880, risking additional losses if breached further down to around $0.0820 levels. (Source)
