{"id":55073,"date":"2025-03-28T05:08:02","date_gmt":"2025-03-28T05:08:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=55073"},"modified":"2025-03-28T05:08:02","modified_gmt":"2025-03-28T05:08:02","slug":"dogecoin-doge-faces-market-correction-will-buyers-step-back-in","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=55073","title":{"rendered":"Dogecoin (DOGE) Faces Market Correction\u2014Will Buyers Step Back In?"},"content":{"rendered":"

Dogecoin started a fresh decline from the $0.2050 zone against the US Dollar. DOGE is declining and might test the $0.180 support zone.<\/em><\/p>\n

DOGE price started a fresh decline below the $0.1980 and $0.1920 levels.
\nThe price is trading above the $0.180 level and the 100-hourly simple moving average.
\nThere was a break below a connecting bullish trend line with support at $0.1950 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could gain bullish momentum if it clears the $0.1940 and $0.1980 resistance levels.<\/p>\n

Dogecoin Price Dips Again<\/h2>\n

Dogecoin price started a fresh decline after it failed to clear $0.2050, like Bitcoin<\/a> and Ethereum<\/a>. DOGE dipped below the $0.1980 and $0.1920 support levels.<\/p>\n

The bears were able to push the price below the 23.6% Fib retracement level of the upward move from the $0.1665 swing low to the $0.2057 high. There was also a break below a connecting bullish trend line with support at $0.1950 on the hourly chart of the DOGE\/USD pair.<\/p>\n

Dogecoin price is now trading above the $0.180 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1920 level.<\/p>\n

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

The first major resistance for the bulls could be near the $0.1980 level. The next major resistance is near the $0.2050 level. A close above the $0.2050 resistance might send the price toward the $0.2150 resistance. Any more gains might send the price toward the $0.2220 level. The next major stop for the bulls might be $0.2350.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1920 level, it could start another decline. Initial support on the downside is near the $0.1860 level and the 50% Fib retracement level of the upward move from the $0.1665 swing low to the $0.2057 high. The next major support is near the $0.1820 level.<\/p>\n

The main support sits at $0.1750. If there is a downside break below the $0.1750 support, the price could decline further. In the stated case, the price might decline toward the $0.170 level or even $0.1650 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 $0.1860 and $0.1820.<\/p>\n

Major Resistance Levels \u2013 $0.1920 and $0.1980.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline from the $0.2050 zone against the US Dollar. DOGE is declining and might test the $0.180 support zone. DOGE price started a fresh decline below the $0.1980 and $0.1920 levels. The price is trading above the $0.180 level and the 100-hourly simple moving average. There was a break below a […]<\/p>\n","protected":false},"author":0,"featured_media":55074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-55073","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\/55073"}],"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=55073"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/55073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/55074"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}