{"id":60179,"date":"2025-04-18T05:08:43","date_gmt":"2025-04-18T05:08:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60179"},"modified":"2025-04-18T05:08:43","modified_gmt":"2025-04-18T05:08:43","slug":"dogecoin-doge-under-pressure-bearish-setup-could-trigger-sell-off","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60179","title":{"rendered":"Dogecoin (DOGE) Under Pressure\u2014Bearish Setup Could Trigger Sell-Off"},"content":{"rendered":"

Dogecoin started a fresh decline from the $0.1680 zone against the US Dollar. DOGE is consolidating and might extend losses below the $0.150 support.<\/em><\/p>\n

DOGE price started a fresh decline below the $0.1620 and $0.1580 levels.
\nThe price is trading below the $0.1600 level and the 100-hourly simple moving average.
\nThere is a short-term rising channel or a bearish flag forming with support at $0.1540 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could extend losses if it breaks the $0.1520 support zone.<\/p>\n

Dogecoin Price Turns Red<\/h2>\n

Dogecoin price started a fresh decline after it failed to clear $0.1680, like Bitcoin<\/a> and Ethereum<\/a>. DOGE dipped below the $0.1620 and $0.1600 support levels.<\/p>\n

The bears were able to push the price below the $0.1550 support level. It even traded close to the $0.1500 support. A low was formed at $0.1504 and the price recently corrected some losses. There was a minor move above the 23.6% Fib retracement level of the downward move from the $0.1694 swing high to the $0.1504 low.<\/p>\n

Dogecoin price is now trading below the $0.1600 level and the 100-hourly simple moving average. Besides, there is a short-term rising channel or a bearish flag forming with support at $0.1540 on the hourly chart of the DOGE\/USD pair.<\/p>\n

Immediate resistance on the upside is near the $0.1580 level. The first major resistance for the bulls could be near the $0.1600 level and the 50% Fib retracement level of the downward move from the $0.1694 swing high to the $0.1504 low.<\/p>\n

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

The next major resistance is near the $0.1620 level. A close above the $0.1620 resistance might send the price toward the $0.1700 resistance. Any more gains might send the price toward the $0.1720 level. The next major stop for the bulls might be $0.1800.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1600 level, it could start another decline. Initial support on the downside is near the $0.1540 level. The next major support is near the $0.1520 level.<\/p>\n

The main support sits at $0.1500. If there is a downside break below the $0.1500 support, the price could decline further. In the stated case, the price might decline toward the $0.1420 level or even $0.1350 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 $0.1540 and $0.1500.<\/p>\n

Major Resistance Levels \u2013 $0.1600 and $0.1620.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline from the $0.1680 zone against the US Dollar. DOGE is consolidating and might extend losses below the $0.150 support. DOGE price started a fresh decline below the $0.1620 and $0.1580 levels. The price is trading below the $0.1600 level and the 100-hourly simple moving average. There is a short-term rising […]<\/p>\n","protected":false},"author":0,"featured_media":60180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60179","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\/60179"}],"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=60179"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60180"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}