Dogecoin price has struggled to keep up with Bitcoin price hitting resistances, triggering liquidations for traders betting on price increase.
Crypto analyst highlights support levels for Dogecoin price at $0.21 on 4HR chart and at $0.22 on hourly chart, with resistance at $0.23, key level at $0.25.
Current consolidation phase for Dogecoin may continue, indicating sideways movement and ongoing battle between bears and bulls.
Speculations suggest Dogecoin price could bounce back to previous all-time high of $0.71 or potentially reach $1 or even $10, depending on breakouts.