Dogecoin (DOGE) Stuck In Limbo—What’s Holding Back The Recovery?

Feb 19, 2025 06:00 am Cryptocurrency 72

Dogecoin started a fresh decline below the $0.270 zone against the US Dollar. DOGE is now consolidating and might face hurdles near $0.2550.

DOGE price started a fresh decline below the $0.270 and $0.260 levels.

The price is trading below the $0.260 level and the 100-hourly simple moving average.

There is a connecting bearish trend line forming with resistance at $0.2560 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could start another increase if it clears the $0.2560 and $0.2600 resistance levels.

Dogecoin Price Faces Resistance

Dogecoin price started a fresh decline from the $0.2840 resistance zone, like Bitcoin and Ethereum. DOGE dipped below the $0.270 and $0.260 support levels. It even spiked below $0.250.

A low was formed at $0.2420 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement ..

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