Dogecoin has started a fresh decline against the US dollar, trading below the key support level of $0.0775 and the 100 simple moving average (4 hours). The price is facing resistance near the $0.078 zone and a bearish trend line forming with resistance near $0.078 on the 4-hours chart of the DOGE/USD pair. If DOGE fails to gain pace above $0.078, it could continue to move down, with initial support on the downside near the $0.0735 level and the next major support near the $0.0720 level. The MACD for DOGE/USD is now gaining momentum in the bearish zone, and the RSI is below the 50 level. (newsbtc)
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Dogecoin Price Prediction: Doge Hits Bearish Circuit and Could Drop To $0.07
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