{"id":645843,"date":"2024-10-02T05:08:42","date_gmt":"2024-10-02T05:08:42","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=645843"},"modified":"2024-10-02T03:47:15","modified_gmt":"2024-10-02T03:47:15","slug":"dogecoin-doge-falls-0-10","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/analysis\/doge\/dogecoin-doge-falls-0-10\/","title":{"rendered":"Dogecoin (DOGE) Falls to Support: Can It Avoid a Breakdown?"},"content":{"rendered":"<p><em>Dogecoin extended losses and traded below $0.1120 against the US Dollar. DOGE is now stable above $0.100 and attempting a rebound.<\/em><\/p>\n<ul>\n<li>DOGE price started another decline below the $0.1150 and $0.1120 levels.<\/li>\n<li>The price is trading below the $0.1120 level and the 100-hourly simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could start another increase if it clears the $0.1120 and $0.1175 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Trims Gains<\/h2>\n<p>Dogecoin price failed to continue to higher above the $0.1320 resistance zone. DOGE formed a high at $0.1320 and started a downward move like <a href=\"https:\/\/shenyangcang.com\/analysis\/btc\/bitcoin-price-falls-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/shenyangcang.com\/analysis\/eth\/ethereum-price-losses-2420\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a move below the $0.1200 and $0.1150 levels. The price even dipped below the $0.1120 support. A low was formed at $0.1025 and the price is now consolidating losses. There was a minor increase above the $0.1060 level.<\/p>\n<p>Dogecoin price is now trading below the $0.1150 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1095 level. It is close to the 23.6% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low.<\/p>\n<p>The next major resistance is near the $0.1120 level. A close above the $0.1120 resistance might send the price toward the $0.1175 resistance. There is also a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE\/USD pair.<\/p>\n<figure id=\"attachment_645844\" aria-describedby=\"caption-attachment-645844\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-645844 size-full\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=1835 1835w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=460 460w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=768 768w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=860 860w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=1536 1536w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=750 750w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/Doegcoin-DOGE.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-645844\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>The trend line is close to the 50% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. Any more gains might send the price toward the $0.1200 level. The next major stop for the bulls might be $0.1320.<\/p>\n<h2>More Losses In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.1095 level, it could start another decline. Initial support on the downside is near the $0.1060 level. The next major support is near the $0.1050 level.<\/p>\n<p>The main support sits at $0.100. If there is a downside break below the $0.100 support, the price could decline further. In the stated case, the price might decline toward the $0.0950 level or even $0.0880 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.1060 and $0.1000.<\/p>\n<p>Major Resistance Levels \u2013 $0.1095 and $0.1120.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin extended losses and traded below $0.1120 against the US Dollar. DOGE is now stable above $0.100 and attempting a rebound. DOGE price started another decline below the $0.1150 and $0.1120 levels. The price is trading below the $0.1120 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could start another increase if it clears the $0.1120 and $0.1175 resistance levels. Dogecoin Price Trims Gains Dogecoin price failed to continue to higher above the $0.1320 resistance zone. DOGE formed a high at $0.1320 and started a downward move like Bitcoin and Ethereum. There was a move below the $0.1200 and $0.1150 levels. The price even dipped below the $0.1120 support. A low was formed at $0.1025 and the price is now consolidating losses. There was a minor increase above the $0.1060 level. Dogecoin price is now trading below the $0.1150 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1095 level. It is close to the 23.6% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. The next major resistance is near the $0.1120 level. A close above the $0.1120 resistance might send the price toward the $0.1175 resistance. There is also a major bearish trend line forming with resistance at $0.1175 on the hourly chart of the DOGE\/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1320 swing high to the $0.1025 low. Any more gains might send the price toward the $0.1200 level. The next major stop for the bulls might be $0.1320. More Losses In DOGE? If DOGE\u2019s price fails to climb above the $0.1095 level, it could start another decline. Initial support on the downside is near the $0.1060 level. The next major support is near the $0.1050 level. The main support sits at $0.100. If there is a downside break below the $0.100 support, the price could decline further. In the stated case, the price might decline toward the $0.0950 level or even $0.0880 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.1060 and $0.1000. Major Resistance Levels \u2013 $0.1095 and $0.1120.<\/p>\n","protected":false},"author":67,"featured_media":645845,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600,84471],"class_list":["post-645843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\n<title>Dogecoin (DOGE) Falls to Support: Can It Avoid a Breakdown?<\/title>\n<meta name=\"description\" content=\"Dogecoin extended losses and traded below $0.1120 against the US Dollar. 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