The price of Dogecoin (DOGE) has experienced a downside correction from its recent high of $0.4050 against the US Dollar. It has dipped below key support levels, reaching a low of $0.3380. Currently, DOGE is consolidating losses below the 23.6% Fibonacci retracement level and is trading below the $0.3750 level and the 100-hourly simple moving average. Immediate resistance is seen at the $0.3650 level and a major bearish trend line is forming at $0.3650. If DOGE fails to climb above $0.3750, it could initiate another decline with support levels at $0.340 and $0.3380. The main support sits at $0.3250, and a break below this level could result in further decline to $0.3020 or even $0.300. The MACD and RSI indicators suggest bearish momentum for DOGE.



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