Dogecoin (DOGE) Slips After Failure, Can Bulls Contain More Downside?

Dogecoin started a fresh decline below the $0.0980 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0950 and $0.0980. DOGE price started a fresh decline below the $0.0965 level. The price is trading below the $0.0965 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.0950 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.0950 and $0.0980. Dogecoin Price At Risk of More Downside Dogecoin price started a fresh decline after it closed below $0.0980, like Bitcoin and Ethereum. DOGE declined below the $0.0965 and $0.0950 support levels. The price even traded below $0.0925. A low was formed near $0.0917, and the price is now showing bearish signs. There was a recovery wave above $0.0940, but the price stayed below the 23.6% Fib retracement level of the downward move from the $0.1044 swing high to the $0.0917 low. Dogecoin pri