{"id":47469,"date":"2025-02-25T05:08:31","date_gmt":"2025-02-25T05:08:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47469"},"modified":"2025-02-25T05:08:31","modified_gmt":"2025-02-25T05:08:31","slug":"dogecoin-doge-nosedives-toward-0-20-more-pain-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47469","title":{"rendered":"Dogecoin (DOGE) Nosedives Toward $0.20\u2014More Pain Ahead?"},"content":{"rendered":"

Dogecoin started a fresh decline below the $0.250 zone against the US Dollar. DOGE tested $0.2050 is now consolidating below the $0.2250 resistance.<\/em><\/p>\n

DOGE price started a fresh decline below the $0.260 and $0.250 levels.
\nThe price is trading below the $0.2380 level and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $0.2180 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a recovery if it clears the $0.2180 and $0.2200 resistance levels.<\/p>\n

Dogecoin Price Dips Over 5%<\/h2>\n

Dogecoin price started a fresh decline below the $0.2650 zone, unlike Bitcoin<\/a> and Ethereum<\/a>. DOGE dipped below the $0.260 and $0.250 support levels. It even spiked below $0.2150.<\/p>\n

A low was formed at $0.2052 and the price is now consolidating losses. There was a move above the $0.2080 level, but the price remained below the 23.6% Fib retracement level of the downward move from the $0.2609 swing high to the $0.2052 low.<\/p>\n

Dogecoin price is now trading below the $0.2250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.2150 level. The first major resistance for the bulls could be near the $0.2180 level.<\/p>\n

There is also a connecting bearish trend line forming with resistance at $0.2180 on the hourly chart of the DOGE\/USD pair. The next major resistance is near the $0.2250 level.<\/p>\n

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

A close above the $0.2250 resistance might send the price toward the $0.2330 resistance and the 50% Fib retracement level of the downward move from the $0.2609 swing high to the $0.2052 low. Any more gains might send the price toward the $0.250 level. The next major stop for the bulls might be $0.2620.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.2180 level, it could start another decline. Initial support on the downside is near the $0.2065 level. The next major support is near the $0.2050 level.<\/p>\n

The main support sits at $0.20. If there is a downside break below the $0.20 support, the price could decline further. In the stated case, the price might decline toward the $0.1880 level or even $0.1740 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 $0.2050 and $0.2000.<\/p>\n

Major Resistance Levels \u2013 $0.2180 and $0.2250.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline below the $0.250 zone against the US Dollar. DOGE tested $0.2050 is now consolidating below the $0.2250 resistance. DOGE price started a fresh decline below the $0.260 and $0.250 levels. The price is trading below the $0.2380 level and the 100-hourly simple moving average. There is a connecting bearish trend […]<\/p>\n","protected":false},"author":0,"featured_media":47470,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47469","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\/47469"}],"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=47469"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47469\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47470"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}