Dogecoin started a fresh decline below the $0.1120 zone against the US Dollar. 
DOGE is now consolidating losses and might face hurdles near $0.1085 and 
$0.1115. DOGE price started a fresh decline below the $0.110 level. The price 
is trading below the $0.110 level and the 100-hourly simple moving average. 
There is a bearish trend line forming with resistance at $0.1085 on the hourly 
chart of the DOGE/USD pair (data source from Kraken). The price could extend 
losses if it stays below $0.1085 and $0.1115. Dogecoin Price Dips Again 
Dogecoin price started a fresh decline after it closed below $0.1120, like 
Bitcoin and Ethereum. DOGE declined below the $0.110 and $0.1080 support 
levels. The price even dipped toward the $0.1050 level. A low was formed near 
$0.1058, and the price is now showing bearish signs well below the 23.6% Fib 
retracement level of the downward move from the $0.1172 swing high to the 
$0.1058 low. Dogecoin price is now trading below the $0.1085 level and the 
100-hourly simple moving average. If there is a recovery wave, immediate 
resistance on the upside is near the $0.1085 level. There is also a bearish 
trend line forming with resistance at $0.1085 on the hourly chart of the 
DOGE/USD pair. The first major resistance for the bulls could be near the 
$0.110 level. The next major resistance is near the $0.1115 level and the 50% 
Fib retracement level of the downward move from the $0.1172 swing high to the 
$0.1058 low. A close above the $0.1115 resistance might send the price toward 
the $0.1132 resistance. Any more gains might send the price toward the $0.1145 
level. The next major stop for the bulls might be $0.1720. More Losses In 
DOGE? If DOGE’s price fails to climb above the $0.1085 level, it could 
continue to move down. Initial support on the downside is near the $0.1050 
level. The next major support is near the $0.1020 level. The main support sits 
at $0.10. If there is a downside break below the $0.10 support, the price 
could decline further. In the stated case, the price might slide toward the 
$0.0880 level or even $0.0820 in the near term. Technical Indicators Hourly 
MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 
50 level. Major Support Levels – $0.1050 and $0.1020. Major Resistance Levels 
– $0.1085 and $0.1115.

Dogecoin (DOGE) Back Under Pressure, Rebound Chances Face Big Test

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