Dogecoin

Bitcoin

Resistance

Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220. 
<ul> 
 <li>DOGE price is moving lower below the $0.1250 support zone.</li> 
 <li>The price is trading below the $0.1250 level and the 100-hourly simple moving average.</li> 
 <li>There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price must settle above $0.1260 and $0.1285 to gain bullish momentum and start a fresh increase.</li> 
</ul> 
<h2 id="dogecoin-price-dips-again">Dogecoin Price Dips Again</h2> 
After a decent recovery wave, Dogecoin price faced resistance near the $0.1285 zone. DOGE failed to continue higher and started a fresh decline from the $0.1285 high like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-dips-again-65k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-retreats-3450/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move below the $0.1250 support level and the 100-hourly simple moving average. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1129 swing low to the $0.1285 high. However, the bulls are now active near the $0.1220 zone. 
Dogecoin is now trading below the $0.1250 level and the 100-hourly simple moving average. There is also a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-625762 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.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 $0.1260 level. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance might send the price toward the $0.1350 resistance. Any more gains might send the price toward the $0.1420 level. The next major stop for the bulls might be $0.150. 
<h2 id="more-losses-in-doge">More Losses In DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1285 level, it could continue to move down. Initial support on the downside is near the $0.1220 level. 
The next major support is near the $0.1185 level. If there is a downside break below the $0.1185 support, the price could decline further. In the stated case, the price might decline toward the $0.1120 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 – $0.1220, $0.1185 and $0.1120. 
Major Resistance Levels – $0.1260, $0.1285, and $0.1320.

Dogecoin Bears Return: Indicators Point To More Losses In DOGE

Table of Contents

NewsBTC

Other articles published on Jun 21, 2024

Kraken-CertiK $3M saga, zkSync airdrop wallets dumping tokens: Finance Redefined

Top Crypto Presale: MoonBag On the Way to Zenith as Toncoin and Fantom Face Obstacles

The Number of Real Crypto Projects Using The Example of The Gold Rush

Here’s Why The Worldcoin (WLD) Price Surged Over 15% In One Day To Reach $3

Best Crypto Presale in June 2024: MoonBag Enters Stage 6 in Style, Smashes $2.5 Million as Arbitr...

London pair arrested for running illegal crypto exchange

Join our free newsletter for daily crypto updates!