Dogecoin Price Declines Below $0.240 Amid Bearish Momentum

Dogecoin (DOGE) Analysis

  • DOGE price has declined below $0.2420, now trading below $0.2320 and the 100-hourly moving average.
  • A break occurred below a rising channel with support at $0.2295.
  • If DOGE remains above $0.2165, it may initiate an upward move.
  • Resistance levels are at $0.2320 and $0.2420; a close above $0.2420 could lead to $0.250.
  • Initial support is at $0.2220, with major support at $0.2165 and $0.2150; below $0.2150, it may decline towards $0.2050 or $0.2020.
  • Technical indicators show bearish momentum in the MACD and RSI below 50.

Dogecoin Price