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BTCUSD Bitcoin

84,165.82

34.56 (0.04%)

10:13:46 - Realtime Data

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,667,251,816,314	SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	34.56	0.04%	84,165.82	84,165.81	84,165.82

High Price	Low Price	Open Price	Prev. Close	52 Week Range
84,809.72	83,673.87	84,213.37	84,131.26	49,050.01 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:13:46	0.003638	84,165.82	USD

Price x Volume	Volume	Base Symbol	Related Pairs
160,785,786.69	1,906.97	BTC	BTCEUR	BTCGBP	ETHBTC

Dogecoin (DOGE) Trims Gains, Can This Key Support Hold Losses?

16/09/2024 7:00am

NEWSBTC

Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support. DOGE price is gaining bearish momentum below $0.1035. The price is trading below the $0.1020 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses and revisit the key support at $0.0980. Dogecoin Price Extends Losses After a steady increase, Dogecoin price faced sellers near the $0.1085 level. The price formed a short-term top and started another decline below the $0.1050 level like Bitcoin and Ethereum. There was a move below the $0.1035 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. There is also a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1035 level and the 100-hourly simple moving average. It is also testing the 76.4% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. Immediate resistance on the upside is near the $0.1032 level. The next major resistance is near the $0.1045 level. A close above the $0.1045 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1085 level. The next major stop for the bulls might be $0.1120. More Downsides In DOGE? If DOGE’s price fails to climb above the $0.1035 level, it could start another decline. Initial support on the downside is near the $0.1000 level. The next major support is near the $0.0980 level. The main support sits at $0.0918. If there is a downside break below the $0.0918 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 – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0980 and $0.0918. Major Resistance Levels – $0.1035 and $0.1050.

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