Feb 2, 2026
3 0
BEARISH 📉 : Dogecoin rebound faces resistance, risks further decline ahead
Dogecoin (DOGE) is experiencing a recovery wave above the $0.10 mark against the US Dollar but faces resistance near $0.1065.
- DOGE price rose from $0.095 above $0.10, trading below $0.110 and the 100-hour simple moving average.
- A break occurred above a bearish trend line with resistance at $0.1060 on the DOGE/USD chart.
- The price could rise if it remains above $0.10.
Resistance Levels
- Bears are active near $0.1065, impacting the upward movement.
- Immediate resistance is around $0.1060, with major resistances at $0.1120 and potentially $0.1185.
- Sustained growth could see prices reach $0.120 or $0.1250.
Potential Decline
- If DOGE fails to surpass $0.1065, it may drop further.
- Support levels include $0.10 and $0.0980, with main support at $0.0950.
- A decline below $0.0950 could push the price toward $0.0880 or $0.0850.
Technical Indicators:
- MACD shows bearish momentum.
- RSI is below the 50 level, indicating potential downward pressure.
