Dogecoin experienced a slight pullback after reaching around $0.0980, but it’s currently finding support at $0.0940 and could potentially rise again.
- DOGE price started a fresh downside correction below $0.0955.
- The price is trading above the $0.0940 level and the 100-hourly simple moving average.
- There was a break below a bullish trend line with support at $0.0952 on the hourly chart of the DOGE/USD pair (data source from Kraken).
- The price could aim for a fresh increase if it remains stable above $0.0928.
Dogecoin Price Trims Gains
After failing to break through the $0.0980 price point – similar to Bitcoin and Ethereum – Dogecoin’s price began to fall. It dropped below both $0.0960 and $0.0955.
DOGE/USD dropped below the 38.2% Fibonacci retracement level, measured from a recent low of $0.0897 to a high of $0.0978. It also broke below an upward-trending support line at $0.0952, according to the hourly chart.
The price of Dogecoin briefly dropped below $0.0950 before buyers stepped in. It’s now trading above $0.0940, also above its 100-hour moving average. The next price level it’s likely to encounter resistance at is around $0.0955.
The price is likely to encounter initial resistance around $0.0980, with stronger resistance near $0.10. If the price breaks above $0.10, it could climb to $0.1080, and potentially $0.1120. Buyers might then aim for $0.120.
More Losses In DOGE?
If DOGE doesn’t rise above $0.0980, its price might continue to fall. It could find some support around $0.0940, which is also a key level based on recent price movements between a low of $0.0897 and a high of $0.0978.
Okay, so I’m watching this crypto closely, and it looks like we have some key support levels to keep an eye on. Right now, it’s holding around $0.09280, but the main level I’m really watching is $0.0880. If it drops below that $0.0880 mark, things could get a bit dicey, and we might see it fall to around $0.0840. If the selling continues past that, I’d expect a test of $0.080. I’m hoping it bounces off one of these levels, but I’m prepared for further downside if it breaks through them.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.
Major Support Levels – $0.0940 and $0.0928.
Major Resistance Levels – $0.0955 and $0.0980.
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2026-03-26 08:28