Dogecoin is struggling below the $0.180 resistance zone against the US Dollar. DOGE must stay above the $0.1450 support zone to start a fresh increase.
DOGE started a fresh decline below the $0.1750 zone against the US dollar.
The price is trading above the $0.1700 level and the 100 simple moving average (4 hours).
There is a key contracting forming with support at $0.1540 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
The price could restart its increase unless there is a close below the $0.1450 support.
Dogecoin Price Turns Red
After struggling to clear the $0.20 resistance zone, Dogecoin price started a fresh decline. There was a sharp bearish move below the $0.180 and $0.1650 levels. DOGE traded as low as $0.1283 and recently attempted a recovery wave like Bitcoin and Ethereum.
The price climbed above the $0.1450 level. It broke the 23.6% Fib retracement level of the downward move from the $0.2096 swing high to the $0.1283 low.
However, the bears a
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