Dogecoin Price (DOGE) Poised for Continued Weakness Below $0.07

After facing a strong rejection near $0.078, Dogecoin price started a fresh decline. DOGE declined over 10% and traded below the $0.0720 support zone to enter a bearish zone, similar to Bitcoin and Ethereum.

The price even settled below the $0.070 level. Finally, it tested the $0.065 zone. A low is formed near $0.0657 and the price is now consolidating losses. It is approaching the 23.6% Fib retracement level of the recent decline from the $0.0772 swing high to $0.0657 low.