Dogecoin started a recovery wave above the $0.120 zone against the US Dollar. DOGE is now facing hurdles near $0.1280 and might struggle to continue higher.

• DOGE price started a recovery wave from $0.1150 and climbed above $0.120.
• The price is trading below the $0.130 level and the 100-hourly simple moving average.
• There was a break above a key bearish trend line with resistance at $0.1240 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could continue to move up if it stays above $0.120.

Dogecoin Price Faces Resistance

Dogecoin price started a recovery wave from the $0.1150 zone, like Bitcoin and Ethereum. DOGE climbed above the $0.1180 and $0.120 resistance levels.

There was a decent upward move above the 23.6% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1154 low. Besides, there was a break above a key bearish trend line with resistance at $0.1240 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading below the $0.130 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1260 level. The first major resistance for the bulls could be near the $0.1285 level.

The next major resistance is near the $0.1330 level and the 50% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1154 low. A close above the $0.1330 resistance might send the price toward the $0.1420 resistance. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1550.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.1280 level, it could continue to move down. Initial support on the downside is near the $0.1230 level. The next major support is near the $0.120 level.

The main support sits at $0.1150. If there is a downside break below the $0.1150 support, the price could decline further. In the stated case, the price might slide toward the $0.1080 level or even $0.1050 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1200 and $0.1150.

Major Resistance Levels – $0.1280 and $0.1330.

Dogecoin started a fresh decline below the $0.1280 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.130.

• DOGE price started a fresh decline below the $0.120 level.
• The price is trading below the $0.1280 level and the 100-hourly simple moving average.
• There is a key bearish trend line forming with resistance at $0.130 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could extend losses if it stays below $0.1300 and $0.1320.

Dogecoin Price Dives Below Support

Dogecoin price started a fresh decline after it closed below $0.1320, like Bitcoin and Ethereum. DOGE declined below the $0.1280 and $0.1220 support levels.

The price even traded below $0.1180. A low was formed near $0.1155, and the price is now showing bearish signs. There was a recovery wave above $0.120. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1155 low.

Dogecoin price is now trading below the $0.1280 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1280 level.

The first major resistance for the bulls could be near the $0.130 level and the trend line. The next major resistance is near the $0.1330 level or the 50% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1155 low.

A close above the $0.1330 resistance might send the price toward the $0.1375 resistance. Any more gains might send the price toward the $0.140 level. The next major stop for the bulls might be $0.1420.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.1300 level, it could continue to move down. Initial support on the downside is near the $0.1215 level. The next major support is near the $0.120 level.

The main support sits at $0.1150. If there is a downside break below the $0.1150 support, the price could decline further. In the stated case, the price might slide toward the $0.1120 level or even $0.1050 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1215 and $0.1200.

Major Resistance Levels – $0.1300 and $0.1330.

Dogecoin started a fresh decline below the $0.1320 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1350.

• DOGE price started a fresh decline below the $0.1250 level.
• The price is trading below the $0.130 level and the 100-hourly simple moving average.
• There is a connecting bearish trend line forming with resistance at $0.1350 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could extend losses if it stays below $0.1300 and $0.1350.

Dogecoin Price Dives Below Support

Dogecoin price started a fresh decline after it closed below $0.1350, like Bitcoin and Ethereum. DOGE declined below the $0.1300 and $0.1250 support levels.

The price even traded below $0.120. A low was formed near $0.1154, and the price is now showing bearish signs. There was a recovery wave above $0.1220. The price cleared the 23.6% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1154 low.

Dogecoin price is now trading below the $0.130 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.130 level.

The first major resistance for the bulls could be near the $0.1330 level or the 50% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1154 low. The next major resistance is near the $0.1350 level and trend line.

A close above the $0.1350 resistance might send the price toward the $0.1380 resistance. Any more gains might send the price toward the $0.140 level. The next major stop for the bulls might be $0.1420.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1300 level, it could continue to move down. Initial support on the downside is near the $0.1250 level. The next major support is near the $0.1220 level.

The main support sits at $0.120. If there is a downside break below the $0.120 support, the price could decline further. In the stated case, the price might slide toward the $0.1150 level or even $0.1135 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1250 and $0.1220.

Major Resistance Levels – $0.1300 and $0.1350.

Dogecoin corrected some gains and traded below $0.1450 against the US Dollar. DOGE is now holding the $0.1420 support and might aim for a fresh increase.

• DOGE price started a fresh downside correction from $0.1510.
• The price is trading above the $0.1420 level and the 100-hourly simple moving average.
• There is a bullish trend line forming with support at $0.1420 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could aim for a fresh increase if it remains stable above $0.1400.

Dogecoin Price Eyes Another Increase

Dogecoin price started a downside correction after it failed to clear $0.1520, like Bitcoin and Ethereum. DOGE declined below the $0.150 and $0.1450 levels.

There was a move toward the 50% Fib retracement level of the upward move from the $0.1348 swing low to the $0.1512 high. However, the bulls remained active near the $0.1420 support. Besides, there is a bullish trend line forming with support at $0.1420 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading above the $0.1425 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1450 level. The first major resistance for the bulls could be near the $0.150 level.

The next major resistance is near the $0.1510 level. A close above the $0.1510 resistance might send the price toward $0.1550. Any more gains might send the price toward $0.1765. The next major stop for the bulls might be $0.1850.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1450 level, it could continue to move down. Initial support on the downside is near the $0.1420 level and the trend line. The next major support is near the $0.1410 level and the 61.8% Fib retracement level of the upward move from the $0.1348 swing low to the $0.1512 high.

The main support sits at $0.1350. If there is a downside break below the $0.1350 support, the price could decline further. In the stated case, the price might slide toward the $0.1320 level or even $0.1305 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.

Major Support Levels – $0.1420 and $0.1410.

Major Resistance Levels – $0.1500 and $0.1510.

Dogecoin started a fresh decline below the $0.1450 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.140.

• DOGE price started a fresh decline below the $0.1420 level.
• The price is trading below the $0.140 level and the 100-hourly simple moving average.
• There is a key declining channel forming with resistance at $0.1395 on the hourly chart of the DOGE/USD pair (data source from Kraken).
• The price could extend losses if it stays below $0.1400 and $0.1420.

Dogecoin Price Dips Again

Dogecoin price started a fresh decline after it closed below $0.1500, like Bitcoin and Ethereum. DOGE declined below the $0.1450 and $0.1420 support levels.

The price even traded below $0.140. A low was formed near $0.1348, and the price is now showing bearish signs. It is consolidating below the 23.6% Fib retracement level of the downward move from the $0.1539 swing high to the $0.1348 low.

Dogecoin price is now trading below the $0.140 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1390 level.

The first major resistance for the bulls could be near the $0.140 level. There is also a key declining channel forming with resistance at $0.1395 on the hourly chart of the DOGE/USD pair. The next major resistance is near the $0.1420 level. A close above the $0.1420 resistance might send the price toward the $0.1445 resistance or the 50% Fib retracement level of the downward move from the $0.1539 swing high to the $0.1348 low. Any more gains might send the price toward the $0.150 level. The next major stop for the bulls might be $0.1540.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1400 level, it could continue to move down. Initial support on the downside is near the $0.1350 level. The next major support is near the $0.1320 level.

The main support sits at $0.1280. If there is a downside break below the $0.1280 support, the price could decline further. In the stated case, the price might slide toward the $0.120 level or even $0.1180 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1350 and $0.1320.

Major Resistance Levels – $0.1400 and $0.1420.