Dogecoin Faces Resistance Zone at $0.163-$0.167 Amid Downtrend

Dogecoin's price has been in a downtrend, dropping from the mid-$0.18 region to around $0.1566. The decline began after reaching a high of $0.18311.

  • The price is trapped in a descending channel with consistent selling pressure.
  • Attempts at recovery have stalled at around $0.166, failing to break resistance.
  • Recent attempts to rebound from $0.153 have not shown the strength needed for a reversal.
  • Resistance between $0.163 and $0.167 must be broken for any significant recovery.

Until Dogecoin breaks above this resistance zone, it remains vulnerable to further declines.

Dogecoin price

Source: BitGuru On X