Resistance

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-price-struggles-and-key-resistance-levels/" data-wpel-link="internal">Dogecoin Price Struggles and Key Resistance Levels</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/elon-musk-bu-hafta-onemli-bir-adim-atabilir-dogecoin-doge-fiyatina-dikkat" data-wpel-link="internal">Dogecoin</a></strong> has recently undergone a challenging period against the dollar. The cryptocurrency struggled below the $0.180 resistance area and had to work hard to stay above the $0.1450 support zone. This situation turned <a href="https://en.coin-turk.com/binance-futures-announces-usdc-margined-dogecoin-futures/" data-wpel-link="internal">Dogecoin</a>‘s price red and worried investors.</p> 
<h2 style="text-align: justify" id="why-is-dogecoin-s-price-falling">Why Is Dogecoin’s Price Falling?</h2> 
<p style="text-align: justify">The recent decline stems from Dogecoin’s struggle to surpass the $0.20 resistance area. A sharp drop below the $0.180 and $0.1650 levels led the cryptocurrency to retreat to as low as $0.1283. However, following this drop, Dogecoin experienced a recovery, climbing above the $0.1450 support level.</p> 
<p style="text-align: justify">Yet, Dogecoin still appears to be in a tough battle. Bears are actively working near the $0.1680 resistance level and the 50% Fibonacci retracement level of the drop from $0.2096 to $0.1283. This shows that the price is currently consolidating near the $0.1550 level.</p> 
<h2 style="text-align: justify" id="doge-bears-hold-control">DOGE Bears Hold Control</h2> 
<p style="text-align: justify">According to technical analysis, Dogecoin being below the $0.1600 level and the 100 simple moving average indicates that bears are in control. However, upward movements might encounter resistance near the $0.160 level. A close above the $0.170 resistance could push the price towards the $0.1880 resistance and possibly lead to further gains.</p> 
<p style="text-align: justify">However, investors should watch for Dogecoin’s price to stabilize at certain levels and break above significant support and resistance points. Particularly, a close below the $0.1450 support level could indicate a potential decline.</p> 
<h2 style="text-align: justify" id="key-support-and-resistance-levels-for-doge">Key Support and Resistance Levels for DOGE</h2> 
<p style="text-align: justify">An important point to watch for Dogecoin in the coming period is the first support region near $0.1520. A break below this level could lead to further price declines. The next main support level is around $0.1450. If this support level is also broken downwards, it is likely that <a href="https://en.coin-turk.com/surge-in-dogecoin-value-drives-market-excitement/" data-wpel-link="internal">DOGE</a>‘s price could fall towards the $0.120 level.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-340662 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/doge-usdt-coin-turk-com-.png" alt="" width="1823" height="794"></p> 
<p style="text-align: justify">When examining technical indicators, the 4-hour MACD is gaining momentum in the bearish zone. Similarly, the 4-hour RSI (Relative Strength Index) is also trending below the 50 level. These indicators suggest that the current trend could be downward.</p> 
<p style="text-align: justify">Considering DOGE’s significant support and resistance levels, $0.1600, $0.1780, and $0.200 emerge as resistance levels. However, if DOGE experiences further declines, support levels like $0.1520, $0.1450, and $0.1280 will become important.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-price-struggles-and-key-resistance-levels/" data-wpel-link="internal">Dogecoin Price Struggles and Key Resistance Levels</a></h5>

Dogecoin Price Struggles and Key Resistance Levels

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