Dogecoin Retraces above $0.08 as It Is Set for a Price Rebound

The price of Dogecoin (DOGE) is in a downtrend after the altcoin fell to a low of $0.06 on May 12. The cryptocurrency lost its crucial support at $0.10 when it fell to the low of $0.06. The altcoin took an upward correction to the high of $0.09, but was pushed back. DOGE has declined and is consolidating above the $0.08 support.