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.

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