Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?

Nov 4, 2024 06:00 am Cryptocurrency 15

Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses.

DOGE price started a fresh decline from the $0.180 resistance level.

The price is trading below the $0.1650 level and the 100-hourly simple moving average.

There is a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could start a fresh increase if it clears the $0.1550 and $0.1580 resistance levels.

Dogecoin Price Eyes Fresh Increase

Dogecoin price started a fresh decline after it failed to clear the $0.180 resistance like Bitcoin and Ethereum. DOGE declined below the $0.1720 and $0.1650 support levels.

The price even declined below $0.1550 before the bulls appeared. A low was formed at $0.1422 and the price is now attempting a recovery ..

Support the originator by clicking the read the rest link below.