Dogecoin Faces Resistance Amid Price Decline
- DOGE price declined below $0.270 and $0.260 levels.
- Currently trading below the $0.260 level and the 100-hourly simple moving average.
- A bearish trend line is forming with resistance at $0.2560 on the hourly chart.
- The price could rise if it clears resistance levels of $0.2560 and $0.2600.
- Major support levels are at $0.2480, $0.2420, and main support at $0.2350.
DOGE’s price is consolidating after a decline below key support levels, facing significant resistance near $0.2560 while trading under its 100-hourly simple moving average.
Source (2.6)https://www.newsbtc.com/analysis/doge/dogecoin-doge-stuck-0-260/?rand=52377
