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12 hour ago
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BEARISH 📉 : Dogecoin price dips below $0.1080, risks further decline

Dogecoin is experiencing a downside correction, trading below $0.1080 against the US Dollar but holding at the $0.10 support level.

  • DOGE started declining after failing to surpass $0.1175.
  • The price remains above the $0.10 mark and the 100-hourly simple moving average.
  • A bullish trend line is forming with support around $0.10 on the hourly chart.
  • Immediate resistance levels are $0.1035 and $0.1065.

Dogecoin Price

If DOGE fails to rise above $0.1060, further decline is possible:

  • Key support levels are at $0.10, $0.0950, and $0.0928.
  • If it breaks below $0.0928, it might fall towards $0.0880 or even $0.0850.

Technical Indicators:

  • Hourly MACD: Bearish momentum increasing for DOGE/USD.
  • Hourly RSI: Below 50, indicating potential weakness.