NewsBTC
28 March 2025
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Dogecoin Price Declines Below Key Support Levels Amid Market Correction

Dogecoin is experiencing a decline from the $0.2050 level against the US Dollar, potentially testing the $0.180 support zone.

  • DOGE price has fallen below $0.1980 and $0.1920.
  • Current trading above $0.180 and the 100-hourly simple moving average.
  • Break below a bullish trend line with support at $0.1950 noted on the hourly chart.
  • Potential bullish momentum if it surpasses resistance levels at $0.1940 and $0.1980.

Current Price Movement

Dogecoin's recent decline follows an inability to exceed $0.2050. The price has dipped below key support levels, including $0.1980 and $0.1920. A break occurred below the 23.6% Fib retracement level and the bullish trend line support.

Immediate resistance is at $0.1920, with major resistance near $0.1980 and $0.2050. A close above $0.2050 could lead to a rise towards $0.2150 and $0.2220.

Dogecoin Price

Potential for Further Decline

If DOGE fails to rise above $0.1920, another decline may begin. Initial support levels are near $0.1860 and $0.1820, with significant support at $0.1750. A break below $0.1750 could push the price down to $0.170 or even $0.1650.

Technical indicators show that the MACD is losing momentum in the bullish zone, and the RSI is below 50.

Support Levels: $0.1860 and $0.1820

Resistance Levels: $0.1920 and $0.1980