Dogecoin Bears Return: Indicators Point To More Losses In DOGE

Jun 21, 2024 06:00 am Cryptocurrency 54

Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220.

DOGE price is moving lower below the $0.1250 support zone.

The price is trading below the $0.1250 level and the 100-hourly simple moving average.

There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price must settle above $0.1260 and $0.1285 to gain bullish momentum and start a fresh increase.

Dogecoin Price Dips Again

After a decent recovery wave, Dogecoin price faced resistance near the $0.1285 zone. DOGE failed to continue higher and started a fresh decline from the $0.1285 high like Bitcoin and Ethereum.

There was a move below the $0.1250 support level and the 100-hourly simple ..

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