NewsBTC
Jan 8, 2026
6 0

Dogecoin Consolidates Gains, Faces Key Resistance at $0.150

Dogecoin (DOGE) Market Update

  • DOGE price saw an increase above $0.1480 and $0.1520.
  • Currently trading below $0.150 and the 100-hourly simple moving average.
  • A contracting triangle is forming with resistance at $0.150 on the hourly chart.
  • If DOGE remains stable above $0.140, it could see a fresh increase.

Price Consolidation

  • After surpassing $0.1420, DOGE reached above $0.1450, entering a positive zone.
  • Bulls pushed the price to a high of $0.1541 before correcting.
  • Trading below $0.150 and facing resistance at this level.
  • Potential targets: $0.1540, $0.1625, $0.1680, and $0.1720 upon breaking resistances.

Dogecoin Price

Downside Risks

  • If DOGE fails to break $0.150, a downside correction may occur.
  • Immediate support levels: $0.1450 and $0.1400.
  • Main support sits at $0.1360, with further declines possible to $0.130 or $0.1280.

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Below the 50 level.
  • Major Support Levels: $0.1450 and $0.1400.
  • Major Resistance Levels: $0.1500 and $0.1540.