Dogecoin Price Recovery May Stall: Resistance Levels
Dogecoin failed to break $0.1150 versus the US Dollar. DOGE may extend losses below $0.100 as it consolidates.
DOGE is fighting to break $0.1150.
The price is below $0.1080 and the 100-hour SMA.
The hourly DOGE/USD chart shows a short-term bearish trend line with resistance at $0.1050.
Bullish momentum requires a price above $0.1080 and $0.1150.
Dropping Dogecoin Price
After a good comeback, Dogecoin stayed below $0.1150. DOGE peaked around $0.1141 and is now falling like Bitcoin and Ethereum.
Below $0.1080 support. The price fell below the 50% Fib retracement line of the $0.09134 swing low to $0.1141 high. Bulls presently operate near $0.100.
Below $0.1080 and the 100-hourly simple moving average, Dogecoin is trading. It also exceeds the 61.8% Fib retracement of the $0.09134 swing low to $0.1141 high.
If the price rises, $0.1050 may be resistance. On the hourly DOGE/USD chart, a short-term bearish trend line with resistance at $0.1050 is formed. Near $0.1080 is the next significant resistance.
A closing above $0.1080 might push pricing above $0.1150. More advances might push the price toward $0.1250. Bulls may halt at $0.1320 next.
More DOGE downsides?
DOGE may continue to fall if it fails to get over $0.1150. Near $0.100 is first downside support.
Near $0.0950 is the next important support. If the price breaks $0.0920, it might fall further. In this situation, the price may drop to $0.0850.
DOGE/USD's hourly MACD is becoming negative.
DOGE/USD's hourly RSI is below 50.
Major Support Levels: $0.100, $0.0950, $0.0850.
Major Resistance Levels: $0.1050, $0.1080, $0.1150.