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{"id":624543,"date":"2024-06-14T04:48:46","date_gmt":"2024-06-14T04:48:46","guid":{"rendered":"https:\/\/uniquehot.com\/?p=624543"},"modified":"2024-06-14T04:23:03","modified_gmt":"2024-06-14T04:23:03","slug":"dogecoin-in-trouble-doge-0-140","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-in-trouble-doge-0-140\/","title":{"rendered":"Dogecoin in Trouble: DOGE Breaking Support Could Spark Bearish Action"},"content":{"rendered":"

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.<\/em><\/p>\n

\n
DOGE price is moving lower below the $0.150 support zone.<\/li>\n
The price is trading below the $0.1450 level and the 100-hourly simple moving average.<\/li>\n
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>\n
The price must settle above $0.1450 to gain bullish momentum and continue higher.<\/li>\n<\/ul>\n
Dogecoin Price Dips Again<\/h2>\n
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 Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n
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.<\/p>\n
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.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
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.<\/p>\n
More Losses In DOGE?<\/h2>\n
If DOGE\u2019s 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.<\/p>\n
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.<\/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 $0.1400, $0.1375 and $0.1300.<\/p>\n
Major Resistance Levels \u2013 $0.1450, $0.1500, and $0.1632.<\/p>\n","protected":false},"excerpt":{"rendered":"
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. DOGE price is moving lower below the $0.150 support zone. The price is trading below the $0.1450 level and the 100-hourly simple moving average. 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). The price must settle above $0.1450 to gain bullish momentum and continue higher. Dogecoin Price Dips Again 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 Bitcoin and Ethereum. 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. 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. More Losses In DOGE? If DOGE\u2019s 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 \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.1400, $0.1375 and $0.1300. Major Resistance Levels \u2013 $0.1450, $0.1500, and $0.1632.<\/p>\n","protected":false},"author":67,"featured_media":624545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600],"class_list":["post-624543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin in Trouble: DOGE Breaking Support Could Spark Bearish Action<\/title>\n<meta name=\"description\" content=\"Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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