Dogecoin has experienced a downside correction after facing resistance at the $0.400 level against the US Dollar. The price dipped below support levels at $0.3800 and $0.3650, reaching a low of $0.3416. Currently, DOGE is consolidating and trading below the $0.3550 level and the 100-hourly simple moving average. If it can stay above $0.3350, it may attempt a fresh increase. The immediate resistance is near $0.3520, followed by $0.3720. On the downside, initial support is at $0.3420, with major support at $0.3250. The MACD is indicating bearish momentum, and the RSI is below 50.



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