Dogecoin Price Declines Below $0.140, Faces Key Resistance Levels

Dogecoin Price Decline

  • Dogecoin is experiencing a decline, trading below $0.140 and the 100-hourly SMA.
  • A key declining channel is forming with resistance at $0.1395 on the hourly DOGE/USD chart.
  • The price may face further losses if it remains under the $0.1400 and $0.1420 levels.

Resistance and Support Levels

  • Immediate resistance is near $0.1390, with major resistance at $0.140 and $0.1420.
  • Surpassing $0.1420 could push DOGE towards $0.1445 or even $0.150.
  • Initial downside support is around $0.1350, followed by $0.1320.
  • Main support sits at $0.1280; breaking this could lead to declines towards $0.120 or $0.1180.

Technical Indicators

  • Hourly MACD shows bearish momentum for DOGE/USD.
  • Hourly RSI is above 50, indicating some strength despite the decline.

Dogecoin Price