{"id":1548,"date":"2024-08-28T06:08:38","date_gmt":"2024-08-28T06:08:38","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=1548"},"modified":"2024-08-28T06:08:38","modified_gmt":"2024-08-28T06:08:38","slug":"dogecoin-price-doge-slips-into-the-red-key-hurdles-to-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=1548","title":{"rendered":"Dogecoin Price (DOGE) Slips Into the Red: Key Hurdles to Watch"},"content":{"rendered":"

Dogecoin started a fresh decline from well above $0.1100 against the US Dollar. DOGE is down over 10% and struggling to start a recovery wave.<\/em><\/p>\n

DOGE price started a fresh decline and traded below $0.100.
\nThe price is trading below the $0.1050 level and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $0.1025 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a recovery wave if it clears the $0.100 and $0.1025 levels.<\/p>\n

Dogecoin Price Faces Hurdles<\/h2>\n

In the past few sessions, Dogecoin price saw a fresh decline below the $0.1050 level like Bitcoin<\/a> and Ethereum<\/a>. The price traded below the $0.100 level to enter a short-term bearish zone.<\/p>\n

There was a spike below the $0.0980 level. A low was formed at $0.0962 and the price is now attempting a recovery wave. There was a minor increase above the $0.0988 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1064 swing high to the $0.0962 low.<\/p>\n

Dogecoin price is now trading below the $0.1050 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1012 level. The next major resistance is near the $0.1025 level.<\/p>\n

There is also a key bearish trend line forming with resistance at $0.1025 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 $0.1064 swing high to the $0.0962 low.<\/p>\n

<\/a><\/p>\n

A close above the $0.1025 resistance might send the price toward the $0.1088 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1250.<\/p>\n

More Downsides In DOGE?<\/h2>\n

If DOGE\u2019s price fails to climb above the $0.1025 level, it could start another decline. Initial support on the downside is near the $0.0962 level. The next major support is near the $0.095 level.<\/p>\n

The main support sits at $0.0920. If there is a downside break below the $0.0920 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.0962 and $0.0920.<\/p>\n

Major Resistance Levels \u2013 $0.1025 and $0.1088.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline from well above $0.1100 against the US Dollar. DOGE is down over 10% and struggling to start a recovery wave. DOGE price started a fresh decline and traded below $0.100. The price is trading below the $0.1050 level and the 100-hourly simple moving average. There is a key bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":1549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1548"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1548"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/1548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/1549"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}