NewsBTC
24 March 2025
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Dogecoin Price Attempts Recovery After Decline Below $0.1720

Dogecoin (DOGE) has started a decline below the $0.1720 level against the US Dollar, testing a low of $0.1650.

  • DOGE fell below the $0.1750 and $0.1720 levels.
  • The price is currently above $0.170 and the 100-hourly simple moving average.
  • A bullish trend line with support at $0.1680 is forming on the hourly chart.
  • Potential bullish momentum may occur if DOGE surpasses resistance at $0.1750 and $0.1800.

Price Recovery Attempts

After dipping below key support levels, DOGE is attempting to recover. It moved above $0.1680 following a low at $0.1646, exceeding the 50% Fibonacci retracement level from the recent decline.

Immediate resistance is near $0.1755, with significant resistance at $0.1780 and $0.1800. A close above $0.1800 could push the price towards $0.1850 or even $0.2000.

Dogecoin Price

Risk of Further Declines

If DOGE fails to surpass $0.1755, it may face further declines. Key support levels are:

  • $0.1720
  • $0.1680
  • Main support at $0.1650

A downside break below $0.1650 may lead to further declines toward $0.1620 or $0.1550.

Technical Indicators show the MACD losing momentum in the bearish zone while the RSI is above 50.