Dogecoin, bless its heart, has taken a tumble from the lofty heights of $0.1880 against the Dollar. Seems like ol’ DOGE is headin’ south, possibly sniffin’ around that $0.150 support zone.
- DOGE’s price, like a politician’s promise, started a fresh decline below the $0.1850 and $0.1750 marks.
- The price is loitering below $0.1750 and that there 100-hourly simple moving average. Fancy that!
- There’s a bearish trend line forming, mean as a hornet, with resistance at $0.170 on the hourly chart of the DOGE/USD pair (courtesy of Kraken).
- Should the price break that $0.1620 support, it’s liable to extend losses like a summer cold.
Dogecoin Price Dips Further
Dogecoin’s price, after failing to clear $0.200 (much like Bitcoin and Ethereum), has started a fresh decline. DOGE dipped below the $0.1880 and $0.1820 support levels. Alas, poor Doge! 🐕
The bears, those scoundrels, pushed the price below the $0.1750 support. It even got close to $0.1620. A low was formed at $0.1628, and now it’s consolidating losses below the 23.6% Fib retracement level – sounds like snake oil to me – from the $0.2057 swing high to the $0.1628 low.
Dogecoin is now below $0.1750 and that 100-hourly simple moving average. Immediate resistance? Near $0.170. And that bearish trend line is still there, lurking like a tax collector, with resistance at $0.170.
The first major resistance for the bulls could be around $0.1730. The next? $0.1770. A close above $0.1770 might send the price towards $0.1850. Maybe. Perhaps. Don’t hold your breath. ⏳
The 50% Fib retracement level – still sounds like snake oil – from the $0.2057 swing high to the $0.1628 low is also near $0.1850. Further gains might send it towards $0.1880. The next stop for the bulls? $0.1950. If pigs fly. 🐷
More Losses In DOGE?
If DOGE can’t climb above $0.1770, it’s likely to decline again. Initial support is near $0.1635. The next major support? $0.1620.
The main support is at $0.1550. A break below that, and the price could decline further, maybe even towards $0.1320 or $0.120 in the near future. Good heavens! 🙏
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is gaining momentum in the bearish zone. Oh dear.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is below 50. Not looking good, folks.
Major Support Levels – $0.1620 and $0.1550. Mark ’em on your map, boys.
Major Resistance Levels – $0.1720 and $0.1770. Good luck with that. 👍
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2025-03-31 08:12