Dogecoin Price Prediction – DOGE Turns Attractive To Bears On Rallies

Jan 5, 2024 06:01 am Cryptocurrency 91

Dogecoin started a fresh decline from the $0.0950 resistance against the US Dollar. DOGE could extend its decline unless there is a close above $0.090.

DOGE struggled near $0.0950 and started a fresh decline against the US dollar.

The price is trading below the $0.090 level and the 100 simple moving average (4 hours).

There is a key bearish trend line forming with resistance near $0.0920 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).

The price could start a recovery wave if it clears $0.090 and $0.0950.

Dogecoin Price Faces Key Hurdles

In the past few sessions, Dogecoin price struggled to gain pace above $0.0920. DOGE remained below the $0.095 resistance zone and started a fresh decline, like Bitcoin and Ethereum.

There was a sharp drop below the $0.0900 and $0.0865 support levels. It even tested the $0.0760 zone. A low ..

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