21-06-2024 07:08 via newsbtc.com

Dogecoin Bears Return: Indicators Point To More Losses In DOGE

Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220.DOGE price is moving lower below the $0.1250 support zone.
The price is trading below the $0.1250 level and the 100-hourly simple moving average.
There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price must settle above $0.1260 and $0
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