Dogecoin in Trouble: DOGE Breaking Support Could Spark Bearish Action

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	413,674,910,625	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

413,674,910,625

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	75.27	2.23%	3,444.81	3,444.81	3,444.82

Price Change

Price Change %

Current Price

Bid Price

Offer

75.27

2.23%

3,444.81

3,444.82

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,474.12	3,359.23	3,367.41	3,369.54	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,474.12

3,359.23

3,367.41

3,369.54

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:49:18	0.007037	3,444.81	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:49:18

0.007037

3,444.81

USD

Price x Volume	Volume	Base Symbol	Related Pairs
400,929,571.46	117,041.16	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

400,929,571.46

117,041.16

Dogecoin in Trouble: DOGE Breaking Support Could Spark Bearish Action

14/06/2024 5:48am

NEWSBTC

Dogecoin is showing bearish signs below the $0.150 resistance zone against the US Dollar. DOGE could accelerate lower if it breaks the $0.140 support. DOGE price is moving lower below the $0.150 support zone. The price is trading below the $0.1450 level and the 100-hourly simple moving average. There was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1450 to gain bullish momentum and continue higher. Dogecoin Price Dips Again After a decent increase, Dogecoin price faced resistance near the $0.1500 zone. DOGE failed to continue higher and started a fresh decline below $0.1450 like Bitcoin and Ethereum. There was a move below the $0.1420 support level and the 100-hourly simple moving average. The price dipped below the 50% Fib retracement level of the upward move from the $0.1337 swing low to the $0.1505 high. Besides, there was a break below a key bullish trend line with support near $0.1425 on the hourly chart of the DOGE/USD pair. Dogecoin is now trading below the $0.1450 level and the 100-hourly simple moving average. The bulls are now protecting the $0.140 support zone and the 61.8% Fib retracement level of the upward move from the $0.1337 swing low to the $0.1505 high. If there is a fresh increase, the price might face resistance near the $0.1420 level. The next major resistance is near the $0.1450 level. A close above the $0.1450 resistance might send the price toward the $0.150 resistance. Any more gains might send the price toward the $0.1632 level. The next major stop for the bulls might be $0.1720. More Losses In DOGE? If DOGE’s price fails to gain pace above the $0.1450 level, it could continue to move down. Initial support on the downside is near the $0.140 level. The next major support is near the $0.1375 level. If there is a downside break below the $0.1375 support, the price could decline further. In the stated case, the price might decline toward the $0.130 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 – $0.1400, $0.1375 and $0.1300. Major Resistance Levels – $0.1450, $0.1500, and $0.1632.

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