Dogecoin Price (DOGE) Poised for Continued Weakness Below $0.07

Aug 17, 2023 06:00 am Cryptocurrency 91
Dogecoin Price (DOGE) Poised for Continued Weakness Below $0.07

Dogecoin is down over 10% and trading below the $0.070 resistance against the US Dollar. DOGE could extend losses if there is a move below $0.065.


  • DOGE is currently trading in a bearish zone below $0.072 against the US dollar.

  • The price is trading well below the $0.070 zone and the 100 simple moving average (4 hours).

  • There is a key bearish trend line forming with resistance near $0.071 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).

  • The price could correct higher but upsides might be limited above $0.072.

    • Dogecoin Price Extends Losses


    After facing a strong rejection near $0.078, Dogecoin price started a fresh decline. DOGE declined over 10% and traded below the $0.0720 support zone to enter a bearish zone, similar to Bitcoin and Ethereum.


    The price even settled below the $0.070 level. Finally, it tested ..

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