{"id":625761,"date":"2024-06-21T05:08:49","date_gmt":"2024-06-21T05:08:49","guid":{"rendered":"https:\/\/wncen.com\/?p=625761"},"modified":"2024-06-21T04:32:57","modified_gmt":"2024-06-21T04:32:57","slug":"dogecoin-bears-return-0-1220","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/doge\/dogecoin-bears-return-0-1220\/","title":{"rendered":"Dogecoin Bears Return: Indicators Point To More Losses In DOGE"},"content":{"rendered":"<p><em>Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220.<\/em><\/p>\n<ul>\n<li>DOGE price is moving lower below the $0.1250 support zone.<\/li>\n<li>The price is trading below the $0.1250 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price must settle above $0.1260 and $0.1285 to gain bullish momentum and start a fresh increase.<\/li>\n<\/ul>\n<h2>Dogecoin Price Dips Again<\/h2>\n<p>After a decent recovery wave, Dogecoin price faced resistance near the $0.1285 zone. DOGE failed to continue higher and started a fresh decline from the $0.1285 high like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-dips-again-65k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-retreats-3450\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a move below the $0.1250 support level and the 100-hourly simple moving average. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1129 swing low to the $0.1285 high. However, the bulls are now active near the $0.1220 zone.<\/p>\n<p>Dogecoin is now trading below the $0.1250 level and the 100-hourly simple moving average. There is also a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE\/USD pair.<\/p>\n<figure id=\"attachment_625762\" aria-describedby=\"caption-attachment-625762\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-625762 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?resize=1024%2C461\" alt=\"Dogecoin Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Doegcoin-DOGE_c4fb87.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-625762\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p>If there is a fresh increase, the price might face resistance near the $0.1260 level. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance might send the price toward the $0.1350 resistance. Any more gains might send the price toward the $0.1420 level. The next major stop for the bulls might be $0.150.<\/p>\n<h2>More Losses In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to gain pace above the $0.1285 level, it could continue to move down. Initial support on the downside is near the $0.1220 level.<\/p>\n<p>The next major support is near the $0.1185 level. If there is a downside break below the $0.1185 support, the price could decline further. In the stated case, the price might decline toward the $0.1120 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.1220, $0.1185 and $0.1120.<\/p>\n<p>Major Resistance Levels \u2013 $0.1260, $0.1285, and $0.1320.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. DOGE is consolidating and might resume its decline below $0.1220. DOGE price is moving lower below the $0.1250 support zone. The price is trading below the $0.1250 level and the 100-hourly simple moving average. There is a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price must settle above $0.1260 and $0.1285 to gain bullish momentum and start a fresh increase. Dogecoin Price Dips Again After a decent recovery wave, Dogecoin price faced resistance near the $0.1285 zone. DOGE failed to continue higher and started a fresh decline from the $0.1285 high like Bitcoin and Ethereum. There was a move below the $0.1250 support level and the 100-hourly simple moving average. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.1129 swing low to the $0.1285 high. However, the bulls are now active near the $0.1220 zone. Dogecoin is now trading below the $0.1250 level and the 100-hourly simple moving average. There is also a key rising channel or a bearish flag pattern forming with support near $0.1220 on the hourly chart of the DOGE\/USD pair. If there is a fresh increase, the price might face resistance near the $0.1260 level. The next major resistance is near the $0.1285 level. A close above the $0.1285 resistance might send the price toward the $0.1350 resistance. Any more gains might send the price toward the $0.1420 level. The next major stop for the bulls might be $0.150. More Losses In DOGE? If DOGE\u2019s price fails to gain pace above the $0.1285 level, it could continue to move down. Initial support on the downside is near the $0.1220 level. The next major support is near the $0.1185 level. If there is a downside break below the $0.1185 support, the price could decline further. In the stated case, the price might decline toward the $0.1120 level. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.1220, $0.1185 and $0.1120. Major Resistance Levels \u2013 $0.1260, $0.1285, and $0.1320.<\/p>\n","protected":false},"author":67,"featured_media":625763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600],"class_list":["post-625761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt"],"acf":[],"yoast_head":"\n<title>Dogecoin Bears Return: Indicators Point To More Losses In DOGE<\/title>\n<meta name=\"description\" content=\"Dogecoin started another decline from the $0.1285 resistance zone against the US Dollar. 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