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{"id":514243,"date":"2022-12-30T06:52:17","date_gmt":"2022-12-30T11:52:17","guid":{"rendered":"https:\/\/wncen.com\/?p=514243"},"modified":"2024-06-11T13:02:49","modified_gmt":"2024-06-11T13:02:49","slug":"dogecoin-price-tumbles-070","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-price-tumbles-070\/","title":{"rendered":"Dogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish"},"content":{"rendered":"

Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone.<\/em><\/p>\n

\n
DOGE gained pace and traded below the $0.072 support against the US dollar.<\/li>\n
The price is trading below the $0.0700 zone and the 100 simple moving average (4-hours).<\/li>\n
There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The pair could dive further towards the $0.062 support in the near term.<\/li>\n<\/ul>\n
Dogecoin Price Signals Bearish<\/h2>\n
In the past few days, dogecoin saw a steady decline from the $0.080 resistance zone. DOGE reacted to the downside below the $0.0750 and $0.0720 support levels.<\/p>\n
The decline gained pace below the $0.072 level and the 100 simple moving average (4-hours). More importantly, there was a clear move below the $0.070 support zone, opening the doors for a major decline. The price is now trading well below the $0.0700 zone and the 100 simple moving average (4-hours).<\/p>\n
Doge price traded as low as $0.0667 and is currently showing a lot of bearish signs, similar bitcoin<\/a> and ethereum<\/a>. On the upside, the price is facing resistance near the $0.0695 level.<\/p>\n
The first major resistance is near the $0.0700 level. There is also a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE\/USD pair. The trend line is near the 23.6% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low.<\/p>\n
A clear move above the trend line might send the price towards the $0.073 resistance. It is near the 50% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low.<\/p>\n
$\"Dogecoin$ <\/a><\/p>\n
Source: DOGEUSD on TradingView.com<\/a><\/p>\n
Any more gains might send the price towards the $0.0765 level and the 100 SMA. The main hurdle seems to be forming near the $0.080 zone. A clear move above the $0.080 resistance could open the gates for a rally towards the $0.100 level.<\/p>\n
More Losses in DOGE?<\/h2>\n
If DOGE price fails to gain pace above the $0.070 level, it could continue to move down. An initial support on the downside is near the $0.0665 level.<\/p>\n
The next major support is near the $0.062 level. If there is a downside break below the $0.0620 support, the price could decline further. In the stated case, the price might decline towards the $0.060 level.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the oversold zone.<\/p>\n
Major Support Levels \u2013 $0.0665, $0.0662 and $0.0600.<\/p>\n
Major Resistance Levels \u2013 $0.070, $0.0730 and $0.080.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone. DOGE gained pace and traded below the $0.072 support against the US dollar. The price is trading below the $0.0700 zone and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken). The pair could dive further towards the $0.062 support in the near term. Dogecoin Price Signals Bearish In the past few days, dogecoin saw a steady decline from the $0.080 resistance zone. DOGE reacted to the downside below the $0.0750 and $0.0720 support levels. The decline gained pace below the $0.072 level and the 100 simple moving average (4-hours). More importantly, there was a clear move below the $0.070 support zone, opening the doors for a major decline. The price is now trading well below the $0.0700 zone and the 100 simple moving average (4-hours). Doge price traded as low as $0.0667 and is currently showing a lot of bearish signs, similar bitcoin and ethereum. On the upside, the price is facing resistance near the $0.0695 level. The first major resistance is near the $0.0700 level. There is also a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE\/USD pair. The trend line is near the 23.6% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low. A clear move above the trend line might send the price towards the $0.073 resistance. It is near the 50% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low. Source: DOGEUSD on TradingView.com Any more gains might send the price towards the $0.0765 level and the 100 SMA. The main hurdle seems to be forming near the $0.080 zone. A clear move above the $0.080 resistance could open the gates for a rally towards the $0.100 level. More Losses in DOGE? If DOGE price fails to gain pace above the $0.070 level, it could continue to move down. An initial support on the downside is near the $0.0665 level. The next major support is near the $0.062 level. If there is a downside break below the $0.0620 support, the price could decline further. In the stated case, the price might decline towards the $0.060 level. Technical Indicators 4-Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the oversold zone. Major Support Levels \u2013 $0.0665, $0.0662 and $0.0600. Major Resistance Levels \u2013 $0.070, $0.0730 and $0.080.<\/p>\n","protected":false},"author":67,"featured_media":429957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1785,79602,7,79599,79600],"class_list":["post-514243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-doge","tag-doge-usdt","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish<\/title>\n<meta name=\"description\" content=\"Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish","url":"http:\/\/wncen.com\/news\/dogecoin-price-tumbles-070\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-price-tumbles-070\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/shutterstock_1100038610-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/shutterstock_1100038610-scaled.jpg?fit=2560%2C1513"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","doge\/usdt","dogecoin","dogeusd","dogeusdt"],"dateCreated":"2022-12-30T11:52:17Z","datePublished":"2022-12-30T11:52:17Z","dateModified":"2024-06-11T13:02:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Price Tumbles Below Support, Why This Could Be Strong Bearish\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-price-tumbles-070\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-price-tumbles-070\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/shutterstock_1100038610-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/07\\\/shutterstock_1100038610-scaled.jpg?fit=2560%2C1513\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"doge\\\/usdt\",\"dogecoin\",\"dogeusd\",\"dogeusdt\"],\"dateCreated\":\"2022-12-30T11:52:17Z\",\"datePublished\":\"2022-12-30T11:52:17Z\",\"dateModified\":\"2024-06-11T13:02:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/07\/shutterstock_1100038610-scaled.jpg?fit=2560%2C1513","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/514243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=514243"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/514243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/429957"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=514243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=514243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=514243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}