Dogecoin (DOGE) Rebound Looks Fragile With Multiple Hurdles Ahead

Dogecoin started a fresh decline below the $0.1280 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.130.DOGE price started a fresh decline below the $0.120 level.
The price is trading below the $0.1280 level and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $0.130 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses if it stays below $0.1300 and $0.1320.Dog