{"id":27151,"date":"2024-12-10T05:08:23","date_gmt":"2024-12-10T05:08:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=27151"},"modified":"2024-12-10T05:08:23","modified_gmt":"2024-12-10T05:08:23","slug":"dogecoin-doge-slips-can-bulls-rally-at-the-support-line","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=27151","title":{"rendered":"Dogecoin (DOGE) Slips: Can Bulls Rally at The Support Line?"},"content":{"rendered":"

Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. DOGE is trading near the $0.3750 support and might bounce back.<\/em><\/p>\n

DOGE price started a fresh decline below the $0.420 level.
\nThe price is trading below the $0.40 level and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $0.4260 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another rally if it clears the $0.420 and $0.4250 resistance levels.<\/p>\n

Dogecoin Price Dips To Support<\/h2>\n

Dogecoin price started a fresh decline from well above $0.440 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded below the $0.4120 and $0.400 support levels. It even spiked below $0.3880.<\/p>\n

A low was formed at $0.3749 and the price is now consolidating losses. It recovered some points and climbed above $0.3850. It tested the 23.6% Fib retracement level of the downward move from the $0.4777 swing high to the $0.3749 low.<\/p>\n

Dogecoin price is now trading below the $0.4250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.4080 level. The first major resistance for the bulls could be near the $0.4250 level.<\/p>\n

There is also a connecting bearish trend line forming with resistance at $0.4260 on the hourly chart of the DOGE\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.4777 swing high to the $0.3749 low.<\/p>\n

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

The next major resistance is near the $0.4550 level. A close above the $0.4550 resistance might send the price toward the $0.4650 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.4250 level, it could start another decline. Initial support on the downside is near the $0.3880 level. The next major support is near the $0.3750 level.<\/p>\n

The main support sits at $0.3650. If there is a downside break below the $0.3650 support, the price could decline further. In the stated case, the price might decline toward the $0.3420 level or even $0.3250 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 $0.3880 and $0.3750.<\/p>\n

Major Resistance Levels \u2013 $0.4080 and $0.4250.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. DOGE is trading near the $0.3750 support and might bounce back. DOGE price started a fresh decline below the $0.420 level. The price is trading below the $0.40 level and the 100-hourly simple moving average. There is a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":27152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27151","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\/27151"}],"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=27151"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27152"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}