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Dogecoin Faces Further Declines After Dropping Below Key Support Levels
Dogecoin (DOGE) is experiencing a decline, trading below $0.130 and the 100-hourly simple moving average.
- Price declined below key support levels of $0.1300 and $0.1250.
- A low was formed at $0.1154, with bearish signs prevailing.
- A recovery wave saw movement above $0.1220 but faced resistance.
- Immediate resistance is near $0.130, with major resistance at $0.1330 and $0.1350.

If DOGE fails to rise above $0.1300, it could continue declining:
- Initial support at $0.1250; main support at $0.120.
- Potential further decline towards $0.1150 or $0.1135 if support breaks.
Technical Indicators:
- Hourly MACD: Losing momentum in the bearish zone.
- Hourly RSI: Below the 50 level.
- Major Support Levels: $0.1250 and $0.1220.
- Major Resistance Levels: $0.1300 and $0.1350.