Dogecoin pulled back again, testing lower support after failing to hold key intraday levels. After slipping below $0.0930, DOGE is now consolidating losses and faces immediate hurdles around $0.0925 and $0.0938.
What happened
- DOGE fell under the $0.0930 mark after closing below $0.0935 in step with Bitcoin and Ethereum’s weakness.
- Price dropped past $0.0932 and $0.0930 and broke a bullish trend line that had been supporting the hourly chart (Kraken data), trading as low as $0.0903 before a modest rebound.
- The pair is trading below the 100-hour simple moving average and the $0.0920 level, signaling short-term bearish control.
Key technical levels and scenarios
- Immediate resistance: $0.0920 (and the 100-hour SMA). Stronger resistance: $0.0925 (also the 50% Fib of the $0.0948→$0.0903 move) and $0.0930. A decisive close above $0.0930 could push DOGE toward $0.0938 and then $0.0950–$0.0980.
- Immediate support: $0.0905, then $0.0900. The main support sits at $0.0880 — a break below that could open a slide toward $0.0820 or even $0.080 in the near term.
Momentum and indicators
- Hourly MACD is gaining momentum in the bearish zone.
- Hourly RSI is below 50, reinforcing the short-term downside bias.
Bottom line
Traders should watch the $0.0925–$0.0930 pivot: staying below it favors further downside toward $0.0905–$0.0880, while a clear break above could negate the recent sell-off and target $0.0938–$0.0980.
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