NewsBTC
23 hours ago
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Dogecoin Stabilizes Above $0.1490 Amid Potential Sharp Decline

Dogecoin Price Analysis

  • Dogecoin (DOGE) has seen a rise above $0.1550, now consolidating gains.
  • Price is trading below $0.1520 and the 100-hourly simple moving average.
  • A bullish trend line is forming with support at $0.1495 on the hourly chart.
  • If DOGE remains stable above $0.1490, it may see further increases.

Resistance and Support Levels

  • Immediate resistance is near $0.1550, with further resistance at $0.1565 and $0.160.
  • A close above $0.160 could push DOGE towards $0.1680 or $0.1720.
  • Support levels are at $0.1490, $0.1450, and $0.1420.
  • Breaking below $0.1420 may lead to a decline towards $0.1330 or $0.130.

Dogecoin Price

Technical Indicators

  • Hourly MACD: Losing momentum in the bullish zone.
  • Hourly RSI: Below the 50 level.

The market conditions suggest potential volatility, with key resistance and support levels influencing the price trajectory of Dogecoin.