Dogecoin (DOGE) Consolidates Losses — Can Meme Coin Mania Make a Comeback?

Jun 4, 2025 04:08 am Cryptocurrency 132

Dogecoin started a fresh decline from the $0.2250 zone against the US Dollar. DOGE is now consolidating losses and might recover if it clears $0.20.

DOGE price started a fresh decline below the $0.220 and $0.20 levels.

The price is trading below the $0.20 level and the 100-hourly simple moving average.

There is a connecting bullish trend line forming with support at $0.1910 on the hourly chart of the DOGE/USD pair (data source from Kraken).

The price could start a fresh increase if it clears the $0.20 resistance zone.

Dogecoin Price Holds Support

Dogecoin price started a fresh decline after it failed to clear the $0.2450 zone, unlike Bitcoin and Ethereum. DOGE declined below the $0.220 and $0.20 levels.

The bears even pushed the price below the $0.1920 level. A low was formed at $0.1855 and the price is now consolidating losses. ..

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