Dogecoin (DOGE) Stuck In Limbo—What’s Holding Back The Recovery? 🐶
Dogecoin has declined below the $0.270 zone against the US Dollar, maintaining a position under the $0.260 level and the 100-hourly simple moving average. The price needs to surpass the $0.2560 and $0.2600 resistance levels for a potential increase. Resistance issues stem from a bearish trend line on the DOGE/USD hourly chart.
After dipping below several support levels, including $0.270 and $0.260, and even touching $0.2420, DOGE is now attempting recovery. Clearing the $0.2500 resistance, the next resistance challenges are near $0.2620 and $0.2670.
If DOGE price fails to climb above $0.260, a further decline is possible, with major support identified at levels $0.2480, $0.2420, and $0.2350. Possible decline targets include $0.2220 or even $0.2150.
Source: www.newsbtc.com ↗
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