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{"id":659692,"date":"2024-12-10T05:08:23","date_gmt":"2024-12-10T05:08:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=659692"},"modified":"2024-12-10T04:04:41","modified_gmt":"2024-12-10T04:04:41","slug":"dogecoin-doge-slips-0-4250","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/doge\/dogecoin-doge-slips-0-4250\/","title":{"rendered":"Dogecoin (DOGE) Slips: Can Bulls Rally at The Support Line?"},"content":{"rendered":"

Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. DOGE is trading near the $0.3750 support and might bounce back.<\/em><\/p>\n

\n
DOGE price started a fresh decline below the $0.420 level.<\/li>\n
The price is trading below the $0.40 level and the 100-hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $0.4260 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The price could start another rally if it clears the $0.420 and $0.4250 resistance levels.<\/li>\n<\/ul>\n
Dogecoin Price Dips To Support<\/h2>\n
Dogecoin price started a fresh decline from well above $0.440 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded below the $0.4120 and $0.400 support levels. It even spiked below $0.3880.<\/p>\n
A low was formed at $0.3749 and the price is now consolidating losses. It recovered some points and climbed above $0.3850. It tested the 23.6% Fib retracement level of the downward move from the $0.4777 swing high to the $0.3749 low.<\/p>\n
Dogecoin price is now trading below the $0.4250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.4080 level. The first major resistance for the bulls could be near the $0.4250 level.<\/p>\n
There is also a connecting bearish trend line forming with resistance at $0.4260 on the hourly chart of the DOGE\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.4777 swing high to the $0.3749 low.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $0.4550 level. A close above the $0.4550 resistance might send the price toward the $0.4650 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200.<\/p>\n
More Losses In DOGE?<\/h2>\n
If DOGE\u2019s price fails to climb above the $0.4250 level, it could start another decline. Initial support on the downside is near the $0.3880 level. The next major support is near the $0.3750 level.<\/p>\n
The main support sits at $0.3650. If there is a downside break below the $0.3650 support, the price could decline further. In the stated case, the price might decline toward the $0.3420 level or even $0.3250 in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.3880 and $0.3750.<\/p>\n
Major Resistance Levels \u2013 $0.4080 and $0.4250.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. DOGE is trading near the $0.3750 support and might bounce back. DOGE price started a fresh decline below the $0.420 level. The price is trading below the $0.40 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.4260 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could start another rally if it clears the $0.420 and $0.4250 resistance levels. Dogecoin Price Dips To Support Dogecoin price started a fresh decline from well above $0.440 like Bitcoin and Ethereum. DOGE traded below the $0.4120 and $0.400 support levels. It even spiked below $0.3880. A low was formed at $0.3749 and the price is now consolidating losses. It recovered some points and climbed above $0.3850. It tested the 23.6% Fib retracement level of the downward move from the $0.4777 swing high to the $0.3749 low. Dogecoin price is now trading below the $0.4250 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.4080 level. The first major resistance for the bulls could be near the $0.4250 level. There is also a connecting bearish trend line forming with resistance at $0.4260 on the hourly chart of the DOGE\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.4777 swing high to the $0.3749 low. The next major resistance is near the $0.4550 level. A close above the $0.4550 resistance might send the price toward the $0.4650 resistance. Any more gains might send the price toward the $0.5000 level. The next major stop for the bulls might be $0.5200. More Losses In DOGE? If DOGE\u2019s price fails to climb above the $0.4250 level, it could start another decline. Initial support on the downside is near the $0.3880 level. The next major support is near the $0.3750 level. The main support sits at $0.3650. If there is a downside break below the $0.3650 support, the price could decline further. In the stated case, the price might decline toward the $0.3420 level or even $0.3250 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining 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 $0.3880 and $0.3750. Major Resistance Levels \u2013 $0.4080 and $0.4250.<\/p>\n","protected":false},"author":67,"featured_media":659694,"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-659692","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":"\nDogecoin (DOGE) Slips: Can Bulls Rally at The Support Line?<\/title>\n<meta name=\"description\" content=\"Dogecoin started a sharp downside correction below the $0.400 support against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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