Dogecoin in Trouble: DOGE Breaking Support Could Spark Bearish Action

Jun 14, 2024 06:00 am Cryptocurrency 20

Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. DOGE could accelerate lower if it breaks the $0.140 support.

DOGE price is moving lower below the $0.150 support zone.

The price is trading below the $0.1450 level and the 100-hourly simple moving average.

There was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price must settle above $0.1450 to gain bullish momentum and continue higher.

Dogecoin Price Dips Again

After a decent increase, Dogecoin price faced resistance near the $0.1500 zone. DOGE failed to continue higher and started a fresh decline below $0.1450 like Bitcoin and Ethereum.

There was a move below the $0.1420 support level and the 100-hourly simple moving average. The price dipped below the 50% ..

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