Dogecoin's Decline Continues Amid Broader Market Slump

Dogecoin (DOGE) has fallen below $0.14 and is trading near $0.1348 after breaking through multiple support levels. The token's technical indicators show a declining channel pattern, which suggests further losses unless it can reclaim the $0.1400 resistance zone.

The broader market decline has affected Bitcoin (BTC) and Ethereum as well, with DOGE dropping beneath the $0.1450 and $0.1420 support levels. Trading data from Kraken's hourly chart shows a declining channel with resistance at $0.1395, while the price remains below the 100-hourly simple moving average.

The token is consolidating below the 23.6% Fibonacci retracement level of the move from the $0.1539 swing high to the $0.1348 low. The hourly MACD is gaining momentum in bearish territory, though the RSI remains above 50.