Dogecoin Struggles to Maintain Bullish Momentum as it Faces Resistance at Key Levels: Analyst Asks To Watch This Potential DOGE Chart Formation

Dogecoin (DOGE) has recently faced a significant setback as it failed to retest the crucial $0.20 level on the monthly timeframe. As a result of this failure, the cryptocurrency has retreated into a confluent support area, consisting of the Range Low at $0.12 and the Macro Downtrend, from which it had previously broken out last