NewsBTC
11 March 2025
4 0

Dogecoin Price Declines Below $0.1850, Faces Resistance at $0.1680

Dogecoin (DOGE) has entered a decline, trading below key support levels.

  • DOGE price declined below $0.2000 and $0.1850.
  • Current trading is below $0.1750 and the 100-hourly simple moving average.
  • A bearish trend line is forming with resistance at $0.1680 on the hourly chart.
  • A recovery could occur if DOGE surpasses resistance at $0.1620 and $0.1680.

Current Price Movement

DOGE fell below $0.1850, establishing a low at $0.1440 before consolidating losses. The price briefly rose above $0.1500, crossing the 23.6% Fibonacci retracement level from the recent downturn.

Key resistances are located at $0.1620 (50% Fib retracement) and $0.1680. A significant resistance level is at $0.1720; surpassing this may lead to a rally towards $0.1850 and potentially $0.2000.

Dogecoin Price

Potential for Further Declines

If DOGE does not break above $0.1680, it may face further declines. Initial supports are at $0.1500 and $0.1450, with major support at $0.1420. A drop below $0.1420 could see prices fall towards $0.1350 or $0.1250.

Technical Indicators

  • Hourly MACD indicates losing momentum in the bearish zone.
  • Hourly RSI is below the 50 level.
  • Major support levels are at $0.1500 and $0.1450.
  • Major resistance levels are at $0.1680 and $0.1880.