Dogecoin Price Declines Below $0.2400 with Support at $0.2230
Dogecoin (DOGE) Price Update
- DOGE has begun a decline from $0.2540, currently consolidating losses.
- Price is below $0.2400 and the 100-hourly simple moving average.
- A bullish trend line forms support at $0.2230 on the hourly chart.
- Resistance levels are at $0.230, $0.2350, and $0.2420.
- If DOGE fails to rise above $0.2350, it may decline further.
- Support levels identified at $0.2200 and $0.2120; potential drop to $0.20 or $0.1840 if broken.
Technical Indicators
- Hourly MACD indicates bearish momentum.
- RSI is below 50.
