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<\/p>\nDogecoin started a fresh decline below the $0.1450 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1420.<\/p>\n
DOGE price started a fresh decline below the $0.1450 level.The price is trading below the $0.140 level and the 100-hourly simple moving average.There was a break below a key bullish trend line with support at $0.1450 on the hourly chart of the DOGE\/USD pair (data source from Kraken).The price could extend losses if it stays below $0.1420 and $0.1450.<\/p>\n
Dogecoin Price Dips Further<\/p>\n
Dogecoin price started a fresh decline after it closed below $0.150, like Bitcoin and Ethereum. DOGE declined below the $0.1450 and $0.1420 support levels.<\/p>\n
More importantly, there was a break below a key bullish trend line with support at $0.1450 on the hourly chart of the DOGE\/USD pair. The price even traded below $0.140. A low was formed near $0.1372, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $0.1531 swing high to the $0.1372 low.<\/p>\n
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 $0.1410 level. The first major resistance for the bulls could be near the $0.1450 level and the 50% Fib retracement level of the downward move from the $0.1531 swing high to the $0.1372 low.<\/p>\n
<\/p>\n
The next major resistance is near the $0.1495 level. A close above the $0.1495 resistance might send the price toward the $0.1530 resistance. Any more gains might send the price toward the $0.1550 level. The next major stop for the bulls might be $0.1620.<\/p>\n
More Losses In DOGE?<\/p>\n
If DOGE\u2019s price fails to climb above the $0.1450 level, it could continue to move down. Initial support on the downside is near the $0.1375 level. The next major support is near the $0.1350 level.<\/p>\n
The main support sits at $0.1330. If there is a downside break below the $0.1320 support, the price could decline further. In the stated case, the price might slide toward the $0.1250 level or even $0.1240 in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.1350 and $0.1250.<\/p>\n
Major Resistance Levels \u2013 $0.1420 and $0.1450.<\/p>\n","protected":false},"excerpt":{"rendered":"Dogecoin started a fresh decline below the $0.1450 zone against the US Dollar. DOGE is now consolidating losses…\n","protected":false},"author":2,"featured_media":260033,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,450,451,3,452,453],"class_list":{"0":"post-342551","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-breaking-news","8":"tag-breaking-news","9":"tag-breakingnews","10":"tag-headlines","11":"tag-news","12":"tag-top-stories","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/342551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=342551"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/342551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/260033"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=342551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=342551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=342551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}