Dogecoin (DOGE) Pulls Back – Can Bulls Regain Upward Momentum?

crypthub

about 21 hours ago

Current Decline

Dogecoin slipped below the $0.0930 mark and is now trading under $0.0920 and the 100‑hour SMA. A break of the bullish trend line at $0.0925 on the hourly chart signals further weakness. If price remains under $0.0925‑$0.0930, additional losses are likely.

Resistance Outlook

A brief recovery above $0.0910 faced resistance near the 23.6% Fib level. The first major upside barrier is $0.0925, followed by $0.0930 and $0.0938. A close above $0.0930 could open a path to $0.0950, with $0.0980 as the next significant target.

Downside Support

Failure to break $0.0925 may push DOGE toward $0.0905 and $0.0900, with strong support at $0.0880. Breaching $0.0880 could open a slide to $0.0820‑$0.0800 in the near term. These levels define the lower risk zone.

Technical Signals

The hourly MACD is gaining momentum in the bearish region, while the RSI sits below the 50‑point threshold. Major support is clustered at $0.0905‑$0.0900 and resistance at $0.0925‑$0.0938. Traders should watch for breaks of these bands.