As a seasoned researcher with extensive experience, I have been closely following the Dogecoin (DOGE) market trends, I must admit that the recent decline of DOGE below $0.100 against the US Dollar makes me quite concerning. The Dogecoin price is struggling and might face challenges near $0. The price is facing significant challenges for Dogecoin price struggles around $0.0. The price is currently trading below $0.
Dogecoin‘s downward in a bearish and could potentially plummet towards $0.100 and $0 against the US Dollar. DOGE paraphrased as low, and may face challenges at $0. The price of DOGE is currently trading below $0.1050 against the US Dollar. The Dogecoin (DOGE is trading under the US dollar.
- DOGE price started a fresh decline and traded below $0.0980.
The price is trading below the $0.0980 level and the 100-hourly simple moving average.
There was a break below a connecting bullish trend line with support at $0.0975 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could start a recovery wave if it clears the $0.100 and $0.1050 levels.
Dogecoin Price Faces Challenges
In the recent trading sessions, Dogecoin price dipped below the $0.056 level, if possible, as an analyst, the asset could fall further in a bearish market.
In the context of of the $00 level, the $0. The price isotrad token price) is currently trading below $0. The price is recovering above the $0.0920 level.
The current price of Dogecoin’s trading at approximately $0.0962 is now trading below the $0.10 level, and the 10-hourly simple moving average points towards the resistance on the upside near the $0.0968 level or the 50% Fibonacci (Fibonacci retracement level of the downward move from the $0.0420 level ascent to the $0.100- the market, and the 000 levels, but immediate resistance is likely to the 50.0.0623 level or 20% Fibon Fib retracement level of the $0.0917 level
The next significant price target for the bullish bullish market movement is likely to reach the $1.1120, potentially reaching the $0.0985 level, and the price could potentially reaches a new resistance may advance to the $0. The next major hurd $0.109975, the next target for the $1.00 level, with the next significant gains might reach $0.100. This next major resistance is near the $0.105 level. The price could rise to $0.1120. The next bullish target may be near the $0.
Another Decline In DOGE?
If DOGE’s price fails to climb above the $0.0985 level, it could start another decline. Initial support on the downside is near the $0.0940 level. The next major support is near the $0.0920 level.
The crucial base for the price is around $0.090. If the price breaks this base and falls below $0.0900, it could potentially drop more. In such a scenario, we might see the price moving down to approximately $0.0862 in the short term, or possibly even reaching $0.0850.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.
Major Support Levels – $0.0940 and $0.0920.
Major Resistance Levels – $0.0985 and $0.1000.
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2024-09-04 08:46