Dogecoin (DOGE) Under Threat, Downside Thrust Could Trigger Selloff

Dogecoin started a fresh decline below the $0.0920 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.0920 and $0.0925. DOGE price started a fresh decline below the $0.0912 level. The price is trading below the $0.0905 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.0918 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.0920 and $0.0925. Dogecoin Price At Risk of Major Breakdown Dogecoin price started a fresh decline after it closed below $0.0920, like Bitcoin and Ethereum. DOGE declined below the $0.0912 and $0.0905 support levels. The price even traded below $0.090. A low was formed near $0.0899, and the price is now showing bearish signs. There was a recovery wave above $0.0900, but the price stayed below the 23.6% Fib retracement level of the downward move from the $0.0935 swing high to the $0.0899 low. Dogecoin pr