Bitcoin

Dogecoin

Resistance

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<ul>
<li>DOGE is currently struggling to break the $0.0628 resistance.</li>
<li>The price is trading below the $0.065 level and the 100 simple moving average (4-hour).</li>
<li>The DOGE/USD pair also has an important downward trend line forming a resistance around $0.0635 on the 4-hour chart.</li>
</ul>
<p><strong>Dogecoin is attempting a recovery above the $0.0585 resistance. If DOGE surpasses the $0.065 resistance zone, it could start an uptrend.</strong></p>
<h2 id="strong-dogecoin-price-aims-for-recovery-strong"><strong>Dogecoin Price Aims for Recovery</strong></h2>
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-128527" src="https://en.coinotag.com/wp-content/uploads/2023/05/Is-Dogecoin-Getting-Ready-to-Rise-Current-Dogecoin-Commentary-Analysis.jpg" alt="Dogecoin (DOGE) (11)" width="1920" height="1080" /></p>
<p>After a sharp decline, Dogecoin found support near the $0.0554 level. DOGE formed a base and recently initiated a good recovery towards $0.058, similar to Bitcoin and Ethereum.</p>
<p>A clear move above the $0.0585 resistance zone occurred. Bulls pushed the price above the 23.6% Fib retracement level of the drop from $0.0714 to $0.0554. The price is currently consolidating above the $0.060 level.</p>
<p>DOGE is still trading below the $0.065 level and the 100 simple moving average (4-hour). The DOGE/USD pair also has an important downward trend line forming a resistance around $0.0635 on the 4-hour chart.</p>
<p>On the upside, the price is facing resistance at $0.0628. The first significant resistance level is near $0.0635 and the trend line. This level is close to the 50% Fib retracement level of the drop from $0.0714 to $0.0554.</p>
<p><a href="https://en.coinotag.com/wp-content/uploads/2023/06/Will-DOGE-Price-Continue-to-Fall-These-Levels-are-Very.png"><img decoding="async" loading="lazy" class=" td-modal-image alignnone wp-image-133622 size-full" src="https://en.coinotag.com/wp-content/uploads/2023/06/Will-DOGE-Price-Continue-to-Fall-These-Levels-are-Very.png" alt="doge-usd-4" width="1806" height="802" /></a></p>
<p>DOGE/USD 4-Hour Price Chart</p>
<p>A close above the $0.0635 resistance could send the price towards the $0.065 resistance. The next significant resistance level is around $0.0675. Further gains could push the price towards $0.070.</p>
<h2 id="strong-could-doge-experience-more-losses-strong"><strong>Could DOGE Experience More Losses?</strong></h2>
<p>If the DOGE price fails to gain momentum above the $0.0635 level, it could continue to decline. The first support level on the downside is near $0.0595.</p>
<p>The next significant support is near $0.0580. If the $0.0585 support is broken downwards, the price could decline further. In this case, the price could drop towards $0.0554.</p>
<p><strong>Technical Indicators</strong></p>
<ul>
<li>4-Hour MACD – The MACD for DOGE/USD is currently gaining momentum in the bullish zone.</li>
<li>4-Hour RSI (Relative Strength Index) – The RSI for DOGE/USD is currently above the 50 level.</li>
<li>Important Support Levels – $0.0595, $0.0580, and $0.0554.</li>
<li>Important Resistance Levels – $0.0628, $0.0635, and $0.0650.</li>
</ul>

<p>The post <a rel="nofollow" href="https://en.coinotag.com/will-doge-price-continue-to-fall-these-levels-are-very-critical-in-doge/">Will DOGE Price Continue to Fall? These Levels are Very Critical in DOGE!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG</a>.</p>

Will DOGE Price Continue to Fall? These Levels are Very Critical in DOGE!

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