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.

Dogecoin Price