Dogecoin Price Faces Fresh Downside Risk Amid Seller Aggression

Dogecoin (DOGE) is facing a fresh downside risk as sellers remain aggressive in their efforts to push down the price. The cryptocurrency has been trading below the $0.1075 level and may struggle to continue higher.

The recent recovery wave, which saw DOGE climb above the $0.1040 resistance level, may not be enough to propel the price further upwards. If DOGE fails to climb above the $0.1075 level, it could lead to a decline in price, potentially targeting the $0.1020 support level.

According to technical indicators, the hourly MACD is gaining momentum in the bullish zone, while the RSI is above the 50 level, indicating potential further upward movement. However, if sellers continue to dominate, DOGE could face a significant decline in price.