BEARISH 📉 : Dogecoin falls below $0.0950, risks further decline

Dogecoin Price Analysis

  • Dogecoin corrected from $0.1020, trading below $0.0950 against the US Dollar.
  • Currently holding support at $0.0885 but risks further decline.
  • The price is below the $0.10 mark and the 100-hourly simple moving average.
  • A declining channel with resistance at $0.0935 is forming on the hourly chart.
  • A stable hold above $0.0880 could lead to a fresh increase.

Resistance and Support Levels

  • Immediate resistance is at $0.0935; major resistance levels are $0.0950 and $0.10.
  • If DOGE surpasses $0.10, it might target $0.1050 and potentially $0.1120 or higher.
  • If unable to rise above $0.10, DOGE may move towards support at $0.0885, $0.0850, and ultimately $0.080.
  • A break below $0.080 could push the price to $0.0765 or $0.0750.

Technical Indicators

  • Hourly MACD is gaining momentum in the bearish zone.
  • Hourly RSI is below the 50 level, indicating weakness.

Dogecoin Price