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
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