Dogecoin Faces Resistance Amid Downtrend
- DOGE declined from the $0.400 resistance zone, unlike Bitcoin and Ethereum.
- The price fell below key support levels at $0.3880, $0.3650, and spiked under $0.350.
- A low was recorded at $0.3416, with consolidation below the 23.6% Fib retracement level.
- Resistance is forming at $0.3520 on the hourly chart, with major resistance near $0.3550 and $0.3720.
- Main support levels are identified at $0.3400 and $0.3380.
DOGE’s price is currently consolidating below the 100-hourly simple moving average after dipping to a low of $0.3416, facing resistance near the $0.3520 level.
Source (2.6)https://www.newsbtc.com/analysis/doge/dogecoin-doge-lags-behind-0-3350/?rand=52377
