Dogecoin declined over 8% and traded below $0.080 against the US Dollar. DOGE tested the $0.070 zone and remains at a risk of more losses.
- DOGE gained pace and traded below the $0.080 support against the US dollar.
- The price is trading well below the $0.080 zone and the 100 simple moving average (4-hours).
- There is a crucial bearish trend line forming with resistance near $0.080 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
- The pair could correct higher, but upsides might be limited above the $0.080 resistance.
