NewsBTC
31 March 2025
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Dogecoin Price Declines, Testing Key Support at $0.150

Dogecoin (DOGE) is experiencing a decline, having dropped from the $0.1880 level against the US Dollar. The price may test the $0.150 support zone.

  • DOGE fell below the $0.1850 and $0.1750 levels.
  • Current trading is below $0.1750 and the 100-hourly simple moving average.
  • A bearish trend line is forming with resistance at $0.170 on the hourly chart.
  • If it breaks the $0.1620 support, further losses are likely.

Price Dynamics

The price declined after failing to surpass $0.200, similar to trends observed in Bitcoin and Ethereum. It fell close to the $0.1628 low, consolidating below the 23.6% Fibonacci retracement level from the recent high of $0.2057.

Immediate resistance is near $0.170, while further resistance levels include $0.1730 and $0.1770. A close above $0.1770 could push the price toward $0.1850 and potentially $0.1950.

Dogecoin Price

Potential for Further Losses

If DOGE does not rise above $0.1770, it may continue to decline. Initial support is around $0.1635, followed by major support at $0.1620 and $0.1550. A breach of the $0.1550 level could lead to further declines towards $0.1320 or $0.120.

Technical Indicators

  • Hourly MACD shows increasing momentum in the bearish zone.
  • Hourly RSI is below the 50 level.
  • Major support levels are $0.1620 and $0.1550.
  • Major resistance levels are $0.1720 and $0.1770.