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BEARISH 📉 : Dogecoin faces resistance at $0.10, risks further decline
Dogecoin (DOGE) has initiated a recovery wave above $0.0950 against the US Dollar, but faces resistance near $0.10:
- DOGE climbed from $0.090 to above $0.0950, but remains below $0.0960 and the 100-hourly SMA.
- A declining channel support is forming at $0.090 on the DOGE/USD hourly chart.
- Bears are active near the $0.100 zone; there is resistance at $0.0985 and $0.1020.
- A close above $0.1020 may push the price to $0.1085, with further gains towards $0.1120 or $0.1150.
If DOGE fails to rise above $0.10, it might decline:
- Initial support is at $0.0924, with major support at $0.0900.
- A break below $0.0850 could lead to declines toward $0.0820 or $0.0800.
Technical Indicators:
- Hourly MACD: Losing momentum in the bullish zone.
- Hourly RSI: Below 50.
