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Dogecoin revisited the $0.30 support zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3165 resistance.<\/em><\/p>\n

\n
DOGE price started another decline and traded toward the $0.300 level.<\/li>\n
The price is trading below the $0.320 level and the 100-hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $0.3165 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The price could gain momentum if it clears the $0.3165 and $0.320 resistance levels.<\/li>\n<\/ul>\n
Dogecoin Price Revisits Support<\/h2>\n
Dogecoin price started a fresh decline from well above $0.3350 like Bitcoin<\/a> and Ethereum<\/a>. DOGE traded below the $0.3250 and $0.320 support levels. It even spiked below $0.3120.<\/p>\n
A low was formed at $0.3081 and the price is now consolidating losses. It recovered some points and climbed above $0.3150. It tested the 23.6% Fib retracement level of the downward move from the $0.3427 swing high to the $0.3081 low.<\/p>\n
Dogecoin price is now trading below the $0.320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3165 level. There is also a connecting bearish trend line forming with resistance at $0.3165 on the hourly chart of the DOGE\/USD pair.<\/p>\n
The first major resistance for the bulls could be near the $0.3250 level or the 50% Fib retracement level of the downward move from the $0.3427 swing high to the $0.3081 low.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The next major resistance is near the $0.3295 level. A close above the $0.3295 resistance might send the price toward the $0.350 resistance. Any more gains might send the price toward the $0.3680 level. The next major stop for the bulls might be $0.40.<\/p>\n
Another Decline In DOGE?<\/h2>\n
If DOGE\u2019s price fails to climb above the $0.3165 level, it could start another decline. Initial support on the downside is near the $0.3120 level. The next major support is near the $0.3080 level.<\/p>\n
The main support sits at $0.30. If there is a downside break below the $0.300 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2620 in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.3080 and $0.3000.<\/p>\n
Major Resistance Levels \u2013 $0.3165 and $0.3250.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin revisited the $0.30 support zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3165 resistance. DOGE price started another decline and traded toward the $0.300 level. The price is trading below the $0.320 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.3165 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could gain momentum if it clears the $0.3165 and $0.320 resistance levels. Dogecoin Price Revisits Support Dogecoin price started a fresh decline from well above $0.3350 like Bitcoin and Ethereum. DOGE traded below the $0.3250 and $0.320 support levels. It even spiked below $0.3120. A low was formed at $0.3081 and the price is now consolidating losses. It recovered some points and climbed above $0.3150. It tested the 23.6% Fib retracement level of the downward move from the $0.3427 swing high to the $0.3081 low. Dogecoin price is now trading below the $0.320 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3165 level. There is also a connecting bearish trend line forming with resistance at $0.3165 on the hourly chart of the DOGE\/USD pair. The first major resistance for the bulls could be near the $0.3250 level or the 50% Fib retracement level of the downward move from the $0.3427 swing high to the $0.3081 low. The next major resistance is near the $0.3295 level. A close above the $0.3295 resistance might send the price toward the $0.350 resistance. Any more gains might send the price toward the $0.3680 level. The next major stop for the bulls might be $0.40. Another Decline In DOGE? If DOGE\u2019s price fails to climb above the $0.3165 level, it could start another decline. Initial support on the downside is near the $0.3120 level. The next major support is near the $0.3080 level. The main support sits at $0.30. If there is a downside break below the $0.300 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2620 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 $0.3080 and $0.3000. Major Resistance Levels \u2013 $0.3165 and $0.3250.<\/p>\n","protected":false},"author":67,"featured_media":667419,"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-667417","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) Steadies Above Support: Can It Build Momentum?<\/title>\n<meta name=\"description\" content=\"Dogecoin revisited the $0.30 support zone against the US Dollar. 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