Dogecoin Faces Resistance as Traders Monitor Key Levels – BitRss

Dogecoin $0.232046 (DOGE ($0.23)) is currently fighting to recover from a steep decline in the last trading session. However, its price remains trapped within a descending channel, struggling to break through significant resistance levels. Traders are closely focusing on the support and resistance points that will determine DOGE’s direction.

Key Support and Resistance Levels for Dogecoin

As of this writing, Dogecoin is trading at $0.244, reflecting a 2.12% gain over the last 12 hours. However, this rise encountered strong resistance at the $0.262 level, which overlaps with the 0.236 Fibonacci retracement point, making it difficult for the price to climb further.

Dogecoin Price Analysis, Comment – February 24, 2…