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Dogecoin (DOGE) Gains Bearish Momentum: A Buying Opportunity or Warning Sign?

  • Dogecoin (DOGE) started a fresh decline from the $0.20 zone against the US Dollar and is now consolidating losses below $0.1850.
  • A key bearish trend line is forming with resistance at $0.1880 on the hourly chart of the DOGE/USD pair.
  • Immediate resistance for DOGE is near $0.1760 and the first major resistance is at $0.1840.
  • If DOGE fails to climb above $0.1850, it could start another decline with major support levels at $0.1680 and $0.1650.

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