Dogecoin

Bitcoin

Resistance

Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220. 
<ul> 
 <li>DOGE price is moving lower below the $0.1250 support zone.</li> 
 <li>The price is trading below the $0.1250 level and the 100-hourly simple moving average.</li> 
 <li>There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price must settle above $0.1260 and $0.1285 to gain bullish momentum and start a fresh increase.</li> 
</ul> 
<h2 id="dogecoin-price-dips-again">Dogecoin Price Dips Again</h2> 
After a decent recovery wave, Dogecoin price faced resistance near the $0.1285 zone. DOGE failed to continue higher and started a fresh decline from the $0.1285 high like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-dips-again-65k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-retreats-3450/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move below the $0.1250 support level and the 100-hourly simple moving average. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1129 swing low to the $0.1285 high. However, the bulls are now active near the $0.1220 zone. 
Dogecoin is now trading below the $0.1250 level and the 100-hourly simple moving average. There is also a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE/USD pair. <a href="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="wp-image-625762 size-full" src="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461" alt="Dogecoin Price" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
If there is a fresh increase, the price might face resistance near the $0.1260 level. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance might send the price toward the $0.1350 resistance. Any more gains might send the price toward the $0.1420 level. The next major stop for the bulls might be $0.150. 
<h2 id="more-losses-in-doge">More Losses In DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1285 level, it could continue to move down. Initial support on the downside is near the $0.1220 level. 
The next major support is near the $0.1185 level. If there is a downside break below the $0.1185 support, the price could decline further. In the stated case, the price might decline toward the $0.1120 level. 
Technical Indicators 
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. 
Major Support Levels – $0.1220, $0.1185 and $0.1120. 
Major Resistance Levels – $0.1260, $0.1285, and $0.1320.

Dogecoin Bears Return: Indicators Point To More Losses In DOGE

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