Dogecoin’s price has recently fallen below $0.1080. It’s currently stabilizing, but may struggle to rise above $0.1065 or $0.1075.
- DOGE price started a fresh decline below the $0.1080 level.
- The price is trading below the $0.1075 level and the 100-hourly simple moving average.
- There is a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair (data source from Kraken).
- The price could extend losses if it stays below $0.1075 and $0.110.
Dogecoin Price Dips Further
As a researcher tracking cryptocurrency, I’ve observed that Dogecoin’s price has recently begun to fall. It started after it dropped below the $0.110 mark, mirroring the trends we’ve seen with Bitcoin and Ethereum. This decline continued, breaking through support levels at $0.1080 and then $0.1050.
The price briefly fell to around $0.1020 before finding support near $0.1025. Now, the price is trending downwards, staying below a key technical level (the 23.6% Fibonacci retracement) measured between a recent high of $0.1127 and a low of $0.1025.
Dogecoin is currently trading below $0.1065, also falling below its 100-hour moving average. If the price starts to rise, it will likely encounter resistance around $0.1065. A downward trend line is also developing, creating another resistance point at $0.1075. This level coincides with the 50% Fibonacci retracement of the recent price drop from $0.1127 to $0.1025.
The price is currently facing initial resistance around $0.110. If the price breaks above $0.110, it could climb towards $0.1120, and potentially reach $0.1190. A further push upwards might see the price hit $0.120.
More Losses In DOGE?
If DOGE doesn’t rise above $0.1075, its price might fall further. It will likely find some support around $0.1020, but the next significant level where it could stabilize is closer to $0.10.
Currently, the price is being supported around $0.0965. If the price falls below this level, it could drop further, potentially reaching $0.0920 or even $0.090 in the short 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 – $0.1020 and $0.1000.
Major Resistance Levels – $0.1065 and $0.1075.
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2026-05-19 10:22