Sep 23, 2025
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Dogecoin Declines Below $0.2550 Amid Bearish Trend
Dogecoin Price Analysis
- Dogecoin has declined below the $0.2550 level, continuing its downward trend.
- The price remains under the $0.2550 mark and below the 100-hourly simple moving average.
- A bearish trend line is forming with resistance at $0.250 on the DOGE/USD hourly chart.
- A potential recovery could occur if it maintains above $0.2250.
Current Trends
- DOGE's recent decline mirrors trends in Bitcoin and Ethereum.
- The price fell below significant support levels at $0.2550 and $0.250, reaching a low of $0.2303.
- It is currently consolidating below the 23.6% Fibonacci retracement level from $0.2888 to $0.2303.
- Immediate resistance for DOGE is at $0.2440, with major resistance levels at $0.250 and $0.260.
Potential Outcomes
- If DOGE surpasses $0.260, it may target $0.280 and possibly $0.2880, with the next goal at $0.30.
- If unable to exceed $0.250, the price may continue declining, with initial support at $0.2350 and major support at $0.2250.
- A break below $0.2250 could lead to further declines towards $0.2120 or $0.2050.
Technical Indicators
- Hourly MACD: Losing momentum in the bearish zone.
- Hourly RSI: Below the 50 level.
- Major Support Levels: $0.2350, $0.2300.
- Major Resistance Levels: $0.2500, $0.2600.
