Dogecoin Drops Below $0.150 Amid Bearish Market Trends

Dogecoin Price Analysis

  • DOGE price has declined below $0.150, now trading under $0.1450 and the 100-hourly simple moving average.
  • A break occurred below a key bullish trend line at $0.1520 on the DOGE/USD hourly chart.
  • A low formed near $0.1369, with current bearish signs below the 23.6% Fibonacci retracement from $0.1566 to $0.1369.
  • Immediate resistance is around $0.1420, with major resistances at $0.1465 and possibly $0.1490.
  • If unable to recover past $0.1465, DOGE might continue lower, with support at $0.1370, $0.1350, and potentially $0.1330.

Dogecoin Price

Technical Indicators:

  • Hourly MACD: Gaining momentum in the bearish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $0.1350 and $0.1250.
  • Major Resistance Levels: $0.1420 and $0.1465.