$DOGE DOGE Price Prediction – Dogecoin Below $0.14 Could Spark Larger Degree Drop

Dogecoin is struggling to rise above the $0.1650 resistance zone against the US Dollar. DOGE could decline heavily if it settles below the $0.140 support.

DOGE is facing many hurdles near the $0.1650 and $0.170 levels against the US dollar.

The price is trading below the $0.1620 level and the 100 simple moving average (4 hours).

There is a major bearish trend line forming with resistance at $0.1620 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).

The price must settle above $0.170 to move into a positive zone and start a fresh surge.

Dogecoin Price Signals Downturn

After a major decline, Dogecoin price started a recovery wave from the $0.1280 zone. A low was formed at $0.1283 and DOGE climbed above $0.1350, like Bitcoin and Ethereum.

There was a move above the $0.1385 and $0.140 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.2092 swing high to the $0.1283 low. However, the bears protected more gains above the $0.170 resistance.