Dogecoin Price (DOGE) Struggles: Can It Overcome the Slump?<\/title>\n<meta name=\"description\" content=\"Dogecoin extended losses and traded below $0.100 against the US Dollar. DOGE is struggling and might face challenges near $0.100 and $0.1050.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-price-doge-struggles-0-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Price (DOGE) Struggles: Can It Overcome the Slump?\" \/>\n<meta property=\"og:description\" content=\"Dogecoin extended losses and traded below $0.100 against the US Dollar. 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{"id":639710,"date":"2024-09-04T05:28:50","date_gmt":"2024-09-04T05:28:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=639710"},"modified":"2024-09-04T04:14:27","modified_gmt":"2024-09-04T04:14:27","slug":"dogecoin-price-doge-struggles-0-10","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/doge\/dogecoin-price-doge-struggles-0-10\/","title":{"rendered":"Dogecoin Price (DOGE) Struggles: Can It Overcome the Slump?"},"content":{"rendered":"

Dogecoin extended losses and traded below $0.100 against the US Dollar. DOGE is struggling and might face challenges near $0.100 and $0.1050.<\/em><\/p>\n

\n
DOGE price started a fresh decline and traded below $0.0980.<\/li>\n
The price is trading below the $0.0980 level and the 100-hourly simple moving average.<\/li>\n
There was a break below a connecting bullish trend line with support at $0.0975 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The price could start a recovery wave if it clears the $0.100 and $0.1050 levels.<\/li>\n<\/ul>\n
Dogecoin Price Faces Challenges<\/h2>\n
In the past few sessions, Dogecoin price saw a fresh decline below the $0.100 level like Bitcoin<\/a> and Ethereum<\/a>. The price traded below the $0.0980 level to move further in a bearish zone.<\/p>\n
There was a spike below the $0.0920 level. A low was formed at $0.0917 and the price is now attempting a recovery wave. There was a minor increase above the $0.0950 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low.<\/p>\n
Dogecoin price is now trading below the $0.100 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.0962 level or the 50% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $0.0985 level. A close above the $0.0985 resistance might send the price toward the $0.100 resistance. Any more gains might send the price toward the $0.1050 level. The next major stop for the bulls might be $0.1120.<\/p>\n
Another Decline In DOGE?<\/h2>\n
If DOGE\u2019s price fails to climb above the $0.0985 level, it could start another decline. Initial support on the downside is near the $0.0940 level. The next major support is near the $0.0920 level.<\/p>\n
The main support sits at $0.090. If there is a downside break below the $0.0900 support, the price could decline further. In the stated case, the price might decline toward the $0.0862 level or even $0.0850 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 $0.0940 and $0.0920.<\/p>\n
Major Resistance Levels \u2013 $0.0985 and $0.1000.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin extended losses and traded below $0.100 against the US Dollar. DOGE is struggling and might face challenges near $0.100 and $0.1050. DOGE price started a fresh decline and traded below $0.0980. The price is trading below the $0.0980 level and the 100-hourly simple moving average. There was a break below a connecting bullish trend line with support at $0.0975 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could start a recovery wave if it clears the $0.100 and $0.1050 levels. Dogecoin Price Faces Challenges In the past few sessions, Dogecoin price saw a fresh decline below the $0.100 level like Bitcoin and Ethereum. The price traded below the $0.0980 level to move further in a bearish zone. There was a spike below the $0.0920 level. A low was formed at $0.0917 and the price is now attempting a recovery wave. There was a minor increase above the $0.0950 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low. Dogecoin price is now trading below the $0.100 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.0962 level or the 50% Fib retracement level of the downward move from the $0.1005 swing high to the $0.0917 low. The next major resistance is near the $0.0985 level. A close above the $0.0985 resistance might send the price toward the $0.100 resistance. Any more gains might send the price toward the $0.1050 level. The next major stop for the bulls might be $0.1120. Another Decline In DOGE? If DOGE\u2019s price fails to climb above the $0.0985 level, it could start another decline. Initial support on the downside is near the $0.0940 level. The next major support is near the $0.0920 level. The main support sits at $0.090. If there is a downside break below the $0.0900 support, the price could decline further. In the stated case, the price might decline toward the $0.0862 level or even $0.0850 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.0940 and $0.0920. Major Resistance Levels \u2013 $0.0985 and $0.1000.<\/p>\n","protected":false},"author":67,"featured_media":639712,"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":[1788,7,79599,79600,84471],"class_list":["post-639710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\nDogecoin Price (DOGE) Struggles: Can It Overcome the Slump?<\/title>\n<meta name=\"description\" content=\"Dogecoin extended losses and traded below $0.100 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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