The price of Dogecoin (one of the top 10 Altcoins) is experiencing a correction after struggling to stay above $0.225 against the US Dollar. It is currently trading above the $0.1750 support level and the 100 simple moving average (4 hours).
However, there was a break below a key bullish trend line with support at $0.2040. In order to resume its upward movement, DOGE needs to hold above the $0.1750 support level.
On the upside, it faces resistance near $0.1950, followed by $0.200 and $0.2150. If it fails to gain momentum above $0.200, there is a possibility of further downside movement with support levels at $0.1820 and $0.1750. The technical indicators suggest a bearish momentum for DOGE/USD.
Source: NEWSBTC
Doge Price Prediction: Dogecoin’s Future Hangs in the Balance as Support at $0.1750 Determines Rally Restart
