{"id":34620,"date":"2025-01-10T05:18:28","date_gmt":"2025-01-10T05:18:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=34620"},"modified":"2025-01-10T05:18:28","modified_gmt":"2025-01-10T05:18:28","slug":"dogecoin-doge-dips-a-warning-sign-or-a-hidden-opportunity","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=34620","title":{"rendered":"Dogecoin (DOGE) Dips: A Warning Sign or A Hidden Opportunity?"},"content":{"rendered":"

Dogecoin started a fresh decline below the $0.350 zone against the US Dollar. DOGE is now consolidating and might recover if it clears the $0.3350 resistance.<\/em><\/p>\n

DOGE price started a fresh decline below $0.3550 and $0.350.
\nThe price is trading below the $0.350 level and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $0.3350 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could gain momentum if it clears the $0.3350 and $0.3420 resistance levels.<\/p>\n

Dogecoin Price Turns Red<\/h2>\n

Dogecoin price started a fresh decline after it failed to surpass $0.40, like Bitcoin<\/a> and Ethereum<\/a>. DOGE declined below the $0.3650 and $0.350 support levels to enter a short-term bearish zone.<\/p>\n

There was a move below the $0.3250 support. A low was formed at $0.3143 and the price is now attempting a recovery wave. There was a move above the $0.3250 resistance but the price is still below the 23.6% Fib retracement level of the downward move from the $0.3981 swing high to the $0.3143 low.<\/p>\n

Dogecoin price is now trading below the $0.340 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3350 level. There is also a connecting bearish trend line forming with resistance at $0.3350 on the hourly chart of the DOGE\/USD pair.<\/p>\n

The first major resistance for the bulls could be near the $0.340 level. The next major resistance is near the $0.350 level or the 50% Fib retracement level of the downward move from the $0.3981 swing high to the $0.3143 low.<\/p>\n

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

A close above the $0.350 resistance might send the price toward the $0.3620 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40.<\/p>\n

Another Decline In DOGE?<\/h2>\n

If DOGE\u2019s price fails to climb above the $0.3350 level, it could start another decline. Initial support on the downside is near the $0.320 level. The next major support is near the $0.3150 level.<\/p>\n

The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2720 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 $0.320 and $0.3150.<\/p>\n

Major Resistance Levels \u2013 $0.3350 and $0.3400.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline below the $0.350 zone against the US Dollar. DOGE is now consolidating and might recover if it clears the $0.3350 resistance. DOGE price started a fresh decline below $0.3550 and $0.350. The price is trading below the $0.350 level and the 100-hourly simple moving average. There is a connecting bearish […]<\/p>\n","protected":false},"author":0,"featured_media":34621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34620","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\/34620"}],"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=34620"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34621"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}