NewsBTC
Mar 4, 2026
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BEARISH 📉 : Dogecoin declines below key support levels, risks further downside

Dogecoin (DOGE) Price Analysis:

  • DOGE began a decline below $0.0950 and is consolidating losses.
  • Currently trading below $0.0935 and the 100-hourly simple moving average.
  • Broke below bullish trend line support at $0.0920.
  • Potential for further decline if it remains below $0.0920 and $0.0932.

Current Market Situation

  • DOGE fell after closing below $0.10, similar to Bitcoin and Ethereum.
  • Traded under key support levels: $0.0950 and $0.0932.
  • A low formed near $0.0885; signs of bearish momentum observed.
  • Recovery wave above $0.0900 failed to surpass 38.2% Fib retracement level from $0.0977 to $0.0885.
  • Immediate resistance at $0.0920; major resistances at $0.0932 and $0.0950.

Potential Downside Risks

  • If DOGE fails to rise above $0.0932, a further decline is possible.
  • Initial support is at $0.0885; major supports at $0.0850 and $0.0820.
  • Breaking below $0.0820 could lead to declines toward $0.0800 or $0.0750.

Technical Indicators:

  • Hourly MACD: Gaining momentum in the bearish zone.
  • Hourly RSI: Below the 50 level, indicating potential weakness.
  • Major Support Levels: $0.0885, $0.0850, $0.0820.
  • Major Resistance Levels: $0.0920, $0.0932, $0.0950.