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13 hour ago
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BEARISH 📉 : Dogecoin recovery faces resistance, risks further decline

Dogecoin (DOGE) is experiencing a recovery wave above the $0.1050 mark against the US Dollar but faces resistance around $0.1120.

  • DOGE's price recovery began from $0.0950, surpassing $0.1050.
  • Currently trading above $0.1060 and the 100-hourly simple moving average.
  • A rising channel supports DOGE at $0.1035 on the hourly chart.
  • Immediate resistance levels are at $0.1095 and $0.1120.

Dogecoin Price

For further gains, DOGE must close above the $0.1145 resistance to target $0.1185 and potentially reach $0.120 or $0.1250.

Potential Decline

  • If unable to surpass $0.1120, DOGE could drop towards $0.1040 or $0.10.
  • Main support lies at $0.0950; breaching this could lead to $0.0880 or $0.0850.

Technical Indicators:

  • Hourly MACD: Turning bullish.
  • Hourly RSI: Above 50.
  • Support Levels: $0.1040, $0.1000
  • Resistance Levels: $0.1095, $0.1120