Dogecoin Price Struggles: Resistance Levels to Watch
Dogecoin (DOGE) is facing challenges, struggling to clear the $0.1150 resistance zone against the US Dollar. The price is consolidating and might extend losses below $0.100. A short-term bearish trend line is forming on the hourly chart, indicating potential further declines.
Technical indicators show a bearish MACD and a relative strength index (RSI) below 50. The price must settle above $0.1080 and $0.1150 to gain bullish momentum.
On the upside, the price might face resistance near the $0.1050 level, followed by $0.1080 and $0.1150. A close above the $0.1080 resistance could send the price toward the $0.1150 resistance, and further gains might lead to $0.1250 and $0.1320.
However, if DOGE fails to gain pace, it could continue to move down, with initial support on the downside at $0.100, followed by $0.0950 and $0.0850.
