Bitcoin

Dogecoin

Resistance

Dogecoin is struggling to rise above the $0.1650 resistance zone against the US Dollar. DOGE could decline heavily if it settles below the $0.140 support. 
<ul> 
 <li>DOGE is facing many hurdles near the $0.1650 and $0.170 levels against the US dollar.</li> 
 <li>The price is trading below the $0.1620 level and the 100 simple moving average (4 hours).</li> 
 <li>There is a major bearish trend line forming with resistance at $0.1620 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price must settle above $0.170 to move into a positive zone and start a fresh surge.</li> 
</ul> 
<h2 id="dogecoin-price-signals-downturn">Dogecoin Price Signals Downturn</h2> 
After a major decline, Dogecoin price started a recovery wave from the $0.1280 zone. A low was formed at $0.1283 and DOGE climbed above $0.1350, like Bitcoin and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-faces-test-3200/" target="_blank" rel="noopener ">Ethereum</a>. 
There was a move above the $0.1385 and $0.140 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.2092 swing high to the $0.1283 low. However, the bears protected more gains above the <a href="https://www.newsbtc.com/analysis/doge/dogecoin-recovery-stall-0-170/" target="_blank" rel="noopener ">$0.170 resistance</a>. 
The price failed to test the 50% Fib retracement level of the downward move from the $0.2092 swing high to the $0.1283 low. There is also a major bearish trend line forming with resistance at $0.1620 on the 4-hour chart of the DOGE/USD pair. 
Dogecoin is also below the $0.160 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.160 level. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-605263" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461" alt="DOGE Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/Doegcoin-DOGE_868b3c.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener nofollow">DOGEUSD on TradingView.com</a> 
The next major resistance is near the $0.1680 level. The main hurdle is at $0.170. A close above the $0.170 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.20 level. 
<h2 id="more-losses-in-doge">More Losses in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.160 level, it could start another decline. Initial support on the downside is near the $0.1475 level. 
The next major support is near the $0.1400 level. If there is a downside break below the $0.1400 support, the price could decline further. In the stated case, the price might decline toward the $0.120 level. 
Technical Indicators 
4 Hours MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. 
4 Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. 
Major Support Levels – $0.1475, $0.1400 and $0.1200. 
Major Resistance Levels – $0.1600, $0.1680, and $0.1700.

DOGE Price Prediction – Dogecoin Below $0.14 Could Spark Larger Degree Drop

目錄

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