Bitcoin

Dogecoin

Resistance

Dogecoin extended losses and traded below the $0.1350 resistance zone against the US Dollar. DOGE is now testing an important support at $0.1200. 
<ul> 
 <li>DOGE gained bearish momentum below the $0.140 and $0.1350 levels against the US dollar.</li> 
 <li>The price is trading below the $0.1350 level and the 100 simple moving average (4 hours).</li> 
 <li>There is a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).</li> 
 <li>The price must settle above $0.1420 to move into a positive zone and start a fresh surge.</li> 
</ul> 
<h2 id="dogecoin-price-extends-losses">Dogecoin Price Extends Losses</h2> 
After a close below $0.150, Dogecoin price extended losses and moved into a short-term bearish zone, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-settles-60k/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-revisits-2800/" target="_blank" rel="noopener ">Ethereum</a>. There was a drop below the $0.1350 support zone. 
A low was formed at $0.1201 and DOGE is now consolidating losses. There was a minor recovery wave above the $0.1250 level. The price tested the 23.6% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 low. 
However, the bears protected more gains above the $0.130 resistance. Dogecoin is also below the $0.1420 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.130 level. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-606119" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461" alt="DOGE Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/Doegcoin-DOGE.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 $0.1350 level. There is also a major bearish trend line forming with resistance at $0.1350 on the 4-hour chart of the DOGE/USD pair. The main hurdle is at $0.1420. A close above the $0.1420 resistance and the 50% Fib retracement level of the downward move from the $0.1640 swing high to the $0.1201 low might send the price toward the $0.1550 resistance. Any more gains might send the price toward the $0.1620 level. 
<h2 id="more-losses-in-doge">More Losses in DOGE?</h2> 
If DOGE’s price fails to gain pace above the $0.1350 level, it could start another decline. Initial support on the downside is near the $0.1220 level. 
The next major support is near the $0.120 level. If there is a downside break below the $0.120 support, the price could decline further. In the stated case, the price might decline toward the $0.1040 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 – $0.1240, $0.1200 and $0.1040. 
Major Resistance Levels – $0.1300, $0.1350, and $0.1420.

DOGE Price Prediction – Dogecoin Reaches Make-or-Breaks Levels

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