Dogecoin (DOGE) Flatlines—Is a Breakout or Breakdown Coming?

Feb 21, 2025 06:00 am Cryptocurrency 95

Dogecoin started a fresh decline below the $0.2620 zone against the US Dollar. DOGE is now consolidating and struggling to clear the $0.2550 resistance.

DOGE price started a fresh decline below the $0.270 and $0.2620 levels.

The price is trading below the $0.2580 level and the 100-hourly simple moving average.

There was a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could start another increase if it clears the $0.2550 and $0.2620 resistance levels.

Dogecoin Price Struggles To Gain Pace

Dogecoin price started a fresh decline below the $0.2750 zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.270 and $0.2620 support levels. It even spiked below $0.2550.

A low was formed at $0.2420 and the price is now attempting to recover. There was a move above ..

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