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Dogecoin Price Declines Below $0.140, Faces Key Resistance Levels
Dogecoin Price Decline
- Dogecoin is experiencing a decline, trading below $0.140 and the 100-hourly SMA.
- A key declining channel is forming with resistance at $0.1395 on the hourly DOGE/USD chart.
- The price may face further losses if it remains under the $0.1400 and $0.1420 levels.
Resistance and Support Levels
- Immediate resistance is near $0.1390, with major resistance at $0.140 and $0.1420.
- Surpassing $0.1420 could push DOGE towards $0.1445 or even $0.150.
- Initial downside support is around $0.1350, followed by $0.1320.
- Main support sits at $0.1280; breaking this could lead to declines towards $0.120 or $0.1180.
Technical Indicators
- Hourly MACD shows bearish momentum for DOGE/USD.
- Hourly RSI is above 50, indicating some strength despite the decline.
