{"id":638191,"date":"2024-08-28T06:08:38","date_gmt":"2024-08-28T06:08:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=638191"},"modified":"2024-08-28T04:57:36","modified_gmt":"2024-08-28T04:57:36","slug":"dogecoin-price-doge-slips-0-10-2","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/doge\/dogecoin-price-doge-slips-0-10-2\/","title":{"rendered":"Dogecoin Price (DOGE) Slips Into the Red:  Key Hurdles to Watch"},"content":{"rendered":"<p><em>Dogecoin started a fresh decline from well above $0.1100 against the US Dollar. DOGE is down over 10% and struggling to start a recovery wave.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh decline and traded below $0.100.<\/li>\n<li>The price is trading below the $0.1050 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.1025 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could start a recovery wave if it clears the $0.100 and $0.1025 levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Faces Hurdles<\/h2>\n<p>In the past few sessions, Dogecoin price saw a fresh decline below the $0.1050 level like <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-drops-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-dives-2400\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price traded below the $0.100 level to enter a short-term bearish zone.<\/p>\n<p>There was a spike below the $0.0980 level. A low was formed at $0.0962 and the price is now attempting a recovery wave. There was a minor increase above the $0.0988 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1064 swing high to the $0.0962 low.<\/p>\n<p>Dogecoin price is now trading below the $0.1050 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1012 level. The next major resistance is near the $0.1025 level.<\/p>\n<p>There is also a key bearish trend line forming with resistance at $0.1025 on the hourly chart of the DOGE\/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1064 swing high to the $0.0962 low.<\/p>\n<figure id=\"attachment_638192\" aria-describedby=\"caption-attachment-638192\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-638192 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?resize=1024%2C461\" alt=\"Dogecoin Price (DOGE)\" width=\"1024\" height=\"461\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Doegcoin-DOGE_c7dbf5.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-638192\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>A close above the $0.1025 resistance might send the price toward the $0.1088 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1250.<\/p>\n<h2>More Downsides In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.1025 level, it could start another decline. Initial support on the downside is near the $0.0962 level. The next major support is near the $0.095 level.<\/p>\n<p>The main support sits at $0.0920. If there is a downside break below the $0.0920 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0962 and $0.0920.<\/p>\n<p>Major Resistance Levels \u2013 $0.1025 and $0.1088.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a fresh decline from well above $0.1100 against the US Dollar. DOGE is down over 10% and struggling to start a recovery wave. DOGE price started a fresh decline and traded below $0.100. The price is trading below the $0.1050 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1025 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 $0.1025 levels. Dogecoin Price Faces Hurdles In the past few sessions, Dogecoin price saw a fresh decline below the $0.1050 level like Bitcoin and Ethereum. The price traded below the $0.100 level to enter a short-term bearish zone. There was a spike below the $0.0980 level. A low was formed at $0.0962 and the price is now attempting a recovery wave. There was a minor increase above the $0.0988 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1064 swing high to the $0.0962 low. Dogecoin price is now trading below the $0.1050 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1012 level. The next major resistance is near the $0.1025 level. There is also a key bearish trend line forming with resistance at $0.1025 on the hourly chart of the DOGE\/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.1064 swing high to the $0.0962 low. A close above the $0.1025 resistance might send the price toward the $0.1088 resistance. Any more gains might send the price toward the $0.1120 level. The next major stop for the bulls might be $0.1250. More Downsides In DOGE? If DOGE\u2019s price fails to climb above the $0.1025 level, it could start another decline. Initial support on the downside is near the $0.0962 level. The next major support is near the $0.095 level. The main support sits at $0.0920. If there is a downside break below the $0.0920 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.0962 and $0.0920. Major Resistance Levels \u2013 $0.1025 and $0.1088.<\/p>\n","protected":false},"author":67,"featured_media":638193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600,84471],"class_list":["post-638191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\n<title>Dogecoin Price (DOGE) Slips Into the Red: Key Hurdles to Watch<\/title>\n<meta name=\"description\" content=\"Dogecoin started a fresh decline from well above $0.1100 against the US Dollar. 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