{"id":9538,"date":"2024-09-26T07:00:48","date_gmt":"2024-09-26T07:00:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=9538"},"modified":"2024-09-26T07:00:48","modified_gmt":"2024-09-26T07:00:48","slug":"dogecoin-doge-breaks-key-support-but-bulls-arent-backing-down","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=9538","title":{"rendered":"Dogecoin (DOGE) Breaks Key Support, But Bulls Aren\u2019t Backing Down"},"content":{"rendered":"

Dogecoin failed to surpass $0.1120 and corrected gains against the US Dollar. DOGE bulls are active near $0.1080 and might push it higher again.<\/em><\/p>\n

DOGE price is eyeing an upside break above $0.1120.
\nThe price is trading above the $0.1080 level and the 100-hourly simple moving average.
\nThere was a break below a key bullish trend line with support at $0.1090 on the hourly chart of the DOGE\/USD pair (data source from Kraken).
\nThe price could start another increase if it clears the $0.1100 and $0.1120 resistance levels.<\/p>\n

Dogecoin Price Eyes Upside Break<\/h2>\n

Dogecoin price extended its increase above the $0.1100 resistance zone. It even spiked above $0.1110 before the bears appeared. DOGE started a downside correction from the $0.1111 high like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move below the $0.1100 and $0.1095 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1037 swing low to the $0.1111 high. Besides, there was a break below a key bullish trend line with support at $0.1090 on the hourly chart of the DOGE\/USD pair.<\/p>\n

However, the bulls were active near $0.1075. They protected the 50% Fib retracement level of the upward move from the $0.1037 swing low to the $0.1111 high. Dogecoin price is now trading above the $0.1080 level and the 100-hourly simple moving average.<\/p>\n

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

Immediate resistance on the upside is near the $0.1095 level. The next major resistance is near the $0.1120 level. A close above the $0.1120 resistance might send the price toward the $0.1132 resistance. Any more gains might send the price toward the $0.1150 level. The next major stop for the bulls might be $0.1200.<\/p>\n

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

If DOGE\u2019s price fails to climb above the $0.1095 level, it could start another decline. Initial support on the downside is near the $0.1080 level. The next major support is near the $0.1065 level.<\/p>\n

The main support sits at $0.1050. If there is a downside break below the $0.1050 support, the price could decline further. In the stated case, the price might decline toward the $0.1000 level or even $0.0950 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 $0.1065 and $0.1050.<\/p>\n

Major Resistance Levels \u2013 $0.1095 and $0.1120.<\/p>","protected":false},"excerpt":{"rendered":"

Dogecoin failed to surpass $0.1120 and corrected gains against the US Dollar. DOGE bulls are active near $0.1080 and might push it higher again. DOGE price is eyeing an upside break above $0.1120. The price is trading above the $0.1080 level and the 100-hourly simple moving average. There was a break below a key bullish […]<\/p>\n","protected":false},"author":0,"featured_media":9539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9538","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\/9538"}],"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=9538"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9539"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}