Dogecoin

Bitcoin

Resistance

Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. DOGE could accelerate lower if it breaks the $0.140 support. 
<ul> 
 <li>DOGE price is moving lower below the $0.150 support zone.</li> 
 <li>The price is trading below the $0.1450 level and the 100-hourly simple moving average.</li> 
 <li>There was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price must settle above $0.1450 to gain bullish momentum and continue higher.</li> 
</ul> 
<h2 id="dogecoin-price-dips-again">Dogecoin Price Dips Again</h2> 
After a decent increase, Dogecoin price faced resistance near the $0.1500 zone. DOGE failed to continue higher and started a fresh decline below $0.1450 like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-bears-66k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-decline-3420/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move below the $0.1420 support level and the 100-hourly simple moving average. The price dipped below the 50% Fib retracement level of the upward move from the $0.1337 swing low to the $0.1505 high. Besides, there was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair. 
Dogecoin is now trading below the $0.1450 level and the 100-hourly simple moving average. The bulls are now protecting the $0.140 support zone and the 61.8% Fib retracement level of the upward move from the $0.1337 swing low to the $0.1505 high. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-624544 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_de6f7d.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
If there is a fresh increase, the price might face resistance near the $0.1420 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.150 resistance. Any more gains might send the price toward the $0.1632 level. The next major stop for the bulls might be $0.1720. 
<h2 id="more-losses-in-doge">More Losses In DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1450 level, it could continue to move down. Initial support on the downside is near the $0.140 level. 
The next major support is near the $0.1375 level. If there is a downside break below the $0.1375 support, the price could decline further. In the stated case, the price might decline toward the $0.130 level. 
Technical Indicators 
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. 
Major Support Levels – $0.1400, $0.1375 and $0.1300. 
Major Resistance Levels – $0.1450, $0.1500, and $0.1632.

Dogecoin in Trouble: DOGE Breaking Support Could Spark Bearish Action

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