Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoins-market-challenges-and-price-movements/" data-wpel-link="internal">Dogecoin’s Market Challenges and Price Movements</a><br></p>
<p style="text-align: justify"><strong>Elon Musk</strong>-backed <a href="https://coin-turk.com/dogecoinde-doge-balina-aktivitesi-token-fiyatina-etki-edecek-mi" data-wpel-link="internal">Dogecoin</a> has quickly become a colorful character in the crypto world. However, recent price movements have some investors worried. In particular, <a href="https://en.coin-turk.com/dogecoin-doge-latest-analysis-and-price-prediction/" data-wpel-link="internal">Dogecoin</a>‘s performance against the dollar is catching many people’s attention. Today’s decline, although Bitcoin-driven, suggests that failure to recover could lead to a deeper fall.</p> 
<h2 style="text-align: justify" id="what-are-the-hurdles-for-dogecoin">What Are the Hurdles for Dogecoin?</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/dogecoin-doge-technical-analysis-and-market-trends/" data-wpel-link="internal">DOGE</a>, which began to correct its gains from the $0.230 region, must now stay above the $0.1750 support area. A close below this support level could hinder the price from rising again.</p> 
<p style="text-align: justify">A key point is that Dogecoin is struggling to stay above $0.225 and is correcting its gains against the US dollar. However, trading above the $0.1750 level and the 100 simple moving average should be considered a positive sign.</p> 
<h2 style="text-align: justify" id="what-should-investors-watch-for-in-doge-s-price">What Should Investors Watch for in DOGE’s Price?</h2> 
<p style="text-align: justify">Following recent declines, Dogecoin’s price is approaching key support levels. For investors, the decisive factor is whether the price will drop below these support levels and close under $0.1750.</p> 
<p style="text-align: justify">On the upside, the price is expected to encounter resistance near $0.1950. However, the next major resistance is close to $0.200. If the price can overcome this resistance, a move towards the $0.2150 resistance could begin, and it might even rise to the main resistance around $0.2300.</p> 
<h2 style="text-align: justify" id="dogecoin-may-continue-its-downward-trend">Dogecoin May Continue Its Downward Trend</h2> 
<p style="text-align: justify">If DOGE’s price cannot gain momentum above the $0.200 level, it may continue its downward movement. Currently, the first support on the downside is near the $0.1820 level. However, the next significant support level is $0.1750.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336257 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/dogecoin-usdt-coin-turk-com-.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">If there is a break below the $0.1750 support, DOGE’s price could see further decline. In this scenario, the price could retreat to as low as $0.1480.</p> 
<h2 style="text-align: justify" id="what-are-the-technical-indicators-telling-us">What Are the Technical Indicators Telling Us?</h2> 
<p style="text-align: justify">Technical indicators are noteworthy for the DOGE/USD pair. The 4-hour MACD is currently gaining momentum in the bearish zone, indicating a potential continuation of the downtrend. Similarly, the 4-hour RSI (Relative Strength Index) is positioned below the 50 level, signaling ongoing selling pressure.</p> 
<p style="text-align: justify">Key support levels include $0.1820, $0.1750, and $0.1480. However, in case of a recovery, resistance levels are determined as $0.2000, $0.2150, and $0.2300.</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/dogecoins-market-challenges-and-price-movements/" data-wpel-link="internal">Dogecoin’s Market Challenges and Price Movements</a></h5>

Dogecoin’s Market Challenges and Price Movements

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