Dogecoin Faces Resistance Below $0.1440 Amid Continued Decline

Dogecoin (DOGE) is experiencing a decline against the US Dollar, trading below $0.1420 and facing resistance near $0.1440.

  • DOGE price has dropped below the key levels of $0.1440 and $0.140.
  • A key bearish trend line is forming with resistance at $0.1440 on the hourly chart.
  • The price is below the 100-hourly simple moving average.
  • Immediate resistance is at $0.1425, with major resistance at $0.1440 and $0.1490.

Dogecoin Price

If DOGE fails to break $0.1440, further declines are possible:

  • Initial support is at $0.1380, with major support at $0.1360.
  • A break below $0.1320 could push the price towards $0.1250 or $0.1240.

Technical Indicators:

  • Hourly MACD: Losing momentum in the bearish zone.
  • Hourly RSI: Above 50 level.
  • Major Support Levels: $0.1360, $0.1320.
  • Major Resistance Levels: $0.1440, $0.1490.