{"id":46479,"date":"2025-02-21T05:08:56","date_gmt":"2025-02-21T05:08:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=46479"},"modified":"2025-02-21T05:08:56","modified_gmt":"2025-02-21T05:08:56","slug":"dogecoin-doge-flatlines-is-a-breakout-or-breakdown-coming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=46479","title":{"rendered":"Dogecoin (DOGE) Flatlines\u2014Is a Breakout or Breakdown Coming?"},"content":{"rendered":"

Dogecoin started a fresh decline below the $0.2620 zone against the US Dollar. DOGE is now consolidating and struggling to clear the $0.2550 resistance.<\/em><\/p>\n

DOGE price started a fresh decline below the $0.270 and $0.2620 levels.
\nThe price is trading below the $0.2580 level and the 100-hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another increase if it clears the $0.2550 and $0.2620 resistance levels.<\/p>\n

Dogecoin Price Struggles To Gain Pace<\/h2>\n

Dogecoin price started a fresh decline below the $0.2750 zone, unlike Bitcoin<\/a> and Ethereum<\/a>. DOGE dipped below the $0.270 and $0.2620 support levels. It even spiked below $0.2550.<\/p>\n

A low was formed at $0.2420 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward move from the $0.2830 swing high to the $0.2420 low. There was also a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE\/USD pair.<\/p>\n

However, the pair is struggling to settle above the $0.2550 resistance level. Dogecoin price is now trading below the $0.2540 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2550 level.<\/p>\n

The first major resistance for the bulls could be near the $0.2625 level or the 50% Fib retracement level of the downward move from the $0.2830 swing high to the $0.2420 low. The next major resistance is near the $0.2720 level.<\/p>\n

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

A close above the $0.2720 resistance might send the price toward the $0.300 resistance. Any more gains might send the price toward the $0.320 level. The next major stop for the bulls might be $0.3420.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.2550 level, it could start another decline. Initial support on the downside is near the $0.2500 level. The next major support is near the $0.2450 level.<\/p>\n

The main support sits at $0.2420. If there is a downside break below the $0.2420 support, the price could decline further. In the stated case, the price might decline toward the $0.2350 level or even $0.2220 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bullish 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 $0.2500 and $0.2420.<\/p>\n

Major Resistance Levels \u2013 $0.2550 and $0.2620.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline below the $0.2620 zone against the US Dollar. DOGE is now consolidating and struggling to clear the $0.2550 resistance. DOGE price started a fresh decline below the $0.270 and $0.2620 levels. The price is trading below the $0.2580 level and the 100-hourly simple moving average. There was a break above […]<\/p>\n","protected":false},"author":0,"featured_media":46480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-46479","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\/46479"}],"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=46479"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/46479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/46480"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}