Dogecoin has begun a downside correction from the $0.4050 zone against the US Dollar and is currently consolidating. It may attempt a fresh increase if it can break through resistance levels at $0.3650 and $0.3680.
The price is currently trading below the $0.3750 level and the 100-hourly simple moving average, with immediate resistance near $0.3650. Further resistance sits at $0.3680 and $0.3750, with potential for upward movement toward the $0.3860 and $0.40 zones if these levels are surpassed.
A failure to climb above $0.3750 could see Dogecoin decline, with key support at $0.3380 and $0.3250, and further declines possible to $0.3020 or $0.300. Technical indicators show the MACD gaining momentum in the bearish zone and the RSI below 50.
