Dogecoin (DOGE) Extends Losses – Is This the Final Shakeout Before Big Rally? 📉
Dogecoin has experienced a decline, trading below the $0.2550 zone against the US Dollar, and could dip further unless it consolidates above the $0.2250 level. The price continues to struggle under the $0.2550 mark and the 100-hourly simple moving average. A recovery is possible if DOGE stays above the $0.2250 support level.
Resistance levels at $0.250 and $0.260 might challenge a potential recovery. A close above $0.260 could push the price higher, nearing the $0.280 to $0.2880 range. However, failing to rise above $0.250 might lead to further declines, with support levels at $0.2350, $0.2300, and potentially lower.
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