Dogecoin Price Recovery May Stall: Resistance Levels to Watch

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	17,923,864,974	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

17,923,864,974

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00009	-0.07%	0.12536	0.12536	0.12537

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00009

-0.07%

0.12536

0.12537

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.12636	0.12434	0.12556	0.12545	0.055786 - 0.228990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.12636

0.12434

0.12556

0.12545

0.055786 - 0.228990

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	04:19:49	4,659.00	0.12534	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

04:19:49

4,659.00

0.12534

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,450,963.81	27,574,304.93	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,450,963.81

27,574,304.93

Dogecoin Price Recovery May Stall: Resistance Levels to Watch

08/07/2024 6:28am

NEWSBTC

Dogecoin struggled to recover above the $0.1150 resistance zone against the US Dollar. DOGE is consolidating and might extend losses below $0.100. DOGE price is struggling to clear the $0.1150 resistance zone. The price is trading below the $0.1080 level and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1080 and $0.1150 to gain bullish momentum. Dogecoin Price Takes Hit After a decent recovery wave, Dogecoin price remained below the $0.1150 resistance zone. DOGE formed a high near $0.1141 and recently started a fresh decline like Bitcoin and Ethereum. There was a move below the $0.1080 support level. The price dipped below the 50% Fib retracement level of the upward move from the $0.09134 swing low to the $0.1141 high. However, the bulls are now active near the $0.100 zone. Dogecoin is now trading below the $0.1080 level and the 100-hourly simple moving average. It is also above the 61.8% Fib retracement level of the upward move from the $0.09134 swing low to the $0.1141 high. If there is a fresh increase, the price might face resistance near the $0.1050 level. There is also a short-term bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair. The next major resistance is near the $0.1080 level. A close above the $0.1080 resistance might send the price toward the $0.1150 resistance. Any more gains might send the price toward the $0.1250 level. The next major stop for the bulls might be $0.1320. More Downsides In DOGE? If DOGE’s price fails to gain pace above the $0.1150 level, it could continue to move down. Initial support on the downside is near the $0.100 level. The next major support is near the $0.0950 level. If there is a downside break below the $0.0920 support, the price could decline further. In the stated case, the price might decline toward the $0.0850 level. 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 – $0.100, $0.0950 and $0.0850. Major Resistance Levels – $0.1050, $0.1080, and $0.1150.

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DOGEUSD Dogecoin