{"id":64153,"date":"2025-05-05T05:08:02","date_gmt":"2025-05-05T05:08:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=64153"},"modified":"2025-05-05T05:08:02","modified_gmt":"2025-05-05T05:08:02","slug":"dogecoin-doge-turns-red-but-is-it-a-dip-worth-buying","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=64153","title":{"rendered":"Dogecoin (DOGE) Turns Red\u2014But Is It a Dip Worth Buying?"},"content":{"rendered":"

Dogecoin started a fresh decline from the $0.1850 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1740.<\/em><\/p>\n

DOGE price failed to clear $0.1880 and corrected gains.
\nThe price is trading below the $0.1750 level and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start a fresh increase if it clears the $0.1780 resistance zone.<\/p>\n

Dogecoin Price Dips Again<\/h2>\n

Dogecoin price started a fresh decline after it failed to clear the $0.1880 zone, like Bitcoin<\/a> and Ethereum<\/a>. DOGE declined below the $0.1800 and $0.1750 support levels.<\/p>\n

Finally, it tested the $0.1680 zone. A low was formed at $0.1685 and the price is now attempting a recovery wave. It climbed above the $0.170 and toward the 23.6% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1685 low.<\/p>\n

Dogecoin price is now trading below the $0.1750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1720 level. There is also a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE\/USD pair.<\/p>\n

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

The first major resistance for the bulls could be near the $0.1765 level and the 50% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1685 low. The next major resistance is near the $0.1780 level. A close above the $0.1780 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.1880 level. The next major stop for the bulls might be $0.200.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1740 level, it could start another decline. Initial support on the downside is near the $0.1685 level. The next major support is near the $0.1650 level.<\/p>\n

The main support sits at $0.1600. If there is a downside break below the $0.160 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1450 in the near term.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.1685 and $0.1650.<\/p>\n

Major Resistance Levels \u2013 $0.1740 and $0.1780.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin started a fresh decline from the $0.1850 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1740. DOGE price failed to clear $0.1880 and corrected gains. The price is trading below the $0.1750 level and the 100-hourly simple moving average. There is a key bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":64154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64153","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\/64153"}],"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=64153"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64154"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}