{"id":628368,"date":"2024-07-08T11:30:16","date_gmt":"2024-07-08T11:30:16","guid":{"rendered":"https:\/\/ktsl888.com\/?p=628368"},"modified":"2024-07-08T11:18:15","modified_gmt":"2024-07-08T11:18:15","slug":"dogecoin-price-decline-looms-as-bears-cut-short-recovery-key-levels-to-watch","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/dogecoin\/dogecoin-price-decline-looms-as-bears-cut-short-recovery-key-levels-to-watch\/","title":{"rendered":"Dogecoin Price Decline Looms As Bears Cut Short Recovery: Key Levels To Watch"},"content":{"rendered":"

Dogecoin<\/span><\/a>\u2019s recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline. After attempting a rebound, the bears have regained control of the market, pushing DOGE back toward its previous low of\u00a0 $0.0914. As the crypto asset’s price moves towards this level, speculations are whether it will break or experience a rejection and begin to move upward.<\/span><\/p>\n

This article delves into providing an analysis of Dogecoin’s recent price action to identify and examine key support and resistance levels that traders and investors should watch to understand the potential direction of DOGE’s movement.\u00a0<\/span><\/p>\n

At the time of writing, DOGE’s price was down by over 5.13%%, trading at about $0.1043, with a market capitalization of more than $15 billion and a trading volume of more than $787 million. In the last 24 hours, the market capitalization of SOL has decreased by 5.22%, while trading volume has increased by 4.26%.<\/span><\/p>\n

Overview Of DOGE’s Recent Price Action<\/strong><\/h2>\n

Analyzing the recent movements and trends in DOGE’s price reveals that:<\/span><\/p>\n

On the 4-hour chart, the crypto asset is actively bearish and trading below the 100-day Simple Moving Average (SMA). DOGE’s price has been consistently bearish since after the disruption of its recovering move at $0.1069 and is currently attempting a move towards its previous low of $0.0914.<\/span><\/p>\n

\"Dogecoin\"
Source: DOGEUSDT on Tradingview.com<\/figcaption><\/figure>\n

Also, with the formation of the 4-hour William alligator, although Dogecoin is currently rising, there is a possibility that it may begin to drop again as both the alligator lip and teeth are presently trending below the alligator jaw.<\/span><\/p>\n

On the 4-hour chart, it can be observed that the price of DOGE<\/a> is still bearish as it is still trading below the 100-day SMA. Even though the price is attempting a short-term pullback by dropping a bullish candlestick, the crypto asset may extend its bullishness in the long run.<\/span><\/p>\n

\"Dogecoin\"
Source: DOGEUSDT on Tradingview.com<\/figcaption><\/figure>\n

Additionally, the 4-hour William alligator indicates more bearishness for the crypto asset as both the alligator lip and teeth are actively trending below the jaw.<\/span><\/p>\n

Key Support Levels To Monitor For Dogecoin<\/strong><\/h2>\n

Presently, DOGE is attempting a downward move toward its previous low of $0,0914. If the asset’s price reaches this level and closes below, it will continue to move downward to test the $0.0745 support level and probably head on to test the $0.0559 support level and other higher levels if the $0.0745 support is breached.\u00a0<\/span><\/p>\n

However, if the price reaches $0.0914\u00a0 and fails to close below, it will start to <\/span>rise <\/span><\/a>toward the $0.1293 resistance level. Should it break above this resistance point, it will continue to move upward to test the $0.1491 level. Furthermore, Dogecoin might witness a further rise to test the $0.1649 mark and other levels on the chart if it breaks below the $0.1491 level.<\/span><\/p>\n

\"Dogecoin\"
DOGE trading at $0.108 on the 1D chart | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin\u2019s recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline. After attempting a rebound, the bears have regained control of the market, pushing DOGE back toward its previous low of\u00a0 $0.0914. As the crypto asset’s price moves towards this level, speculations are whether it will break or experience a rejection and begin to move upward. This article delves into providing an analysis of Dogecoin’s recent price action to identify and examine key support and resistance levels that traders and investors should watch to understand the potential direction of DOGE’s movement.\u00a0 At the time of writing, DOGE’s price was down by over 5.13%%, trading at about $0.1043, with a market capitalization of more than $15 billion and a trading volume of more than $787 million. In the last 24 hours, the market capitalization of SOL has decreased by 5.22%, while trading volume has increased by 4.26%. Overview Of DOGE’s Recent Price Action Analyzing the recent movements and trends in DOGE’s price reveals that: On the 4-hour chart, the crypto asset is actively bearish and trading below the 100-day Simple Moving Average (SMA). DOGE’s price has been consistently bearish since after the disruption of its recovering move at $0.1069 and is currently attempting a move towards its previous low of $0.0914. Also, with the formation of the 4-hour William alligator, although Dogecoin is currently rising, there is a possibility that it may begin to drop again as both the alligator lip and teeth are presently trending below the alligator jaw. On the 4-hour chart, it can be observed that the price of DOGE is still bearish as it is still trading below the 100-day SMA. Even though the price is attempting a short-term pullback by dropping a bullish candlestick, the crypto asset may extend its bullishness in the long run. Additionally, the 4-hour William alligator indicates more bearishness for the crypto asset as both the alligator lip and teeth are actively trending below the jaw. Key Support Levels To Monitor For Dogecoin Presently, DOGE is attempting a downward move toward its previous low of $0,0914. If the asset’s price reaches this level and closes below, it will continue to move downward to test the $0.0745 support level and probably head on to test the $0.0559 support level and other higher levels if the $0.0745 support is breached.\u00a0 However, if the price reaches $0.0914\u00a0 and fails to close below, it will start to rise toward the $0.1293 resistance level. Should it break above this resistance point, it will continue to move upward to test the $0.1491 level. Furthermore, Dogecoin might witness a further rise to test the $0.1649 mark and other levels on the chart if it breaks below the $0.1491 level. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":628372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,79599,79600,91599,85676,92645],"class_list":["post-628368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-simple-moving-average","tag-sma","tag-william-alligator"],"acf":[],"yoast_head":"\nDogecoin Price Decline Looms As Bears Cut Short Recovery: Key Levels To Watch<\/title>\n<meta name=\"description\" content=\"Dogecoin recent recovery has been abruptly halted by renewed bearish pressure, setting the stage for a potential further decline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. 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