Dogecoin (DOGE) Retraces Gains — Bulls Guard Key Support Zone

Dogecoin corrected some gains and traded below $0.1010 against the US Dollar. DOGE is now holding the $0.0980 support and might aim for a fresh increase. DOGE price started a fresh downside correction below $0.1020. The price is trading above the $0.0980 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.0968 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.0950. Dogecoin Price Trims Gains Dogecoin price started a downside correction after it failed to stay above $0.1025, like Bitcoin and Ethereum. DOGE declined below the $0.1020 and $0.1010 levels. There was a move below the 50% Fib retracement level of the upward move from the $0.0944 swing low to the $0.1044 high. The price even spiked below $0.10 before the bulls appeared. The price is now forming a base above $0.0980 and preparing for the next move. There is a bullish trend line forming wi