Dogecoin Price Declines Below $0.1450 Amid Bearish Trend

Dogecoin is experiencing a decline against the US Dollar, moving below the $0.1450 zone.

  • The DOGE price fell below $0.1450, trading under $0.140 and the 100-hourly simple moving average.
  • A key bullish trend line was breached with support at $0.1450 on the hourly chart of the DOGE/USD pair.
  • The price might continue to drop if it remains below $0.1420 and $0.1450.

Current Dogecoin Price Movement

  • DOGE declined past the $0.1450 and $0.1420 support levels, forming a low near $0.1372.
  • The price is signaling bearishness below the 23.6% Fib retracement level from the $0.1531 high to the $0.1372 low.
  • Resistance levels are identified at $0.1410 and $0.1450, with major resistance around $0.1495, potentially leading to $0.1530 or $0.1550.
  • If the price falls further, support levels are at $0.1375, $0.1350, and possibly $0.1330 or lower towards $0.1250.

Dogecoin Price

Technical Indicators

  • The MACD for DOGE/USD shows increasing momentum in the bearish zone.
  • The RSI for DOGE/USD is below the 50 mark.
  • Major support levels are at $0.1350 and $0.1250.
  • Major resistance levels are at $0.1420 and $0.1450.