{"id":642168,"date":"2024-09-16T06:00:19","date_gmt":"2024-09-16T06:00:19","guid":{"rendered":"https:\/\/wncen.com\/?p=642168"},"modified":"2024-09-16T05:19:03","modified_gmt":"2024-09-16T05:19:03","slug":"dogecoin-doge-trims-gains-0-10","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/doge\/dogecoin-doge-trims-gains-0-10\/","title":{"rendered":"Dogecoin (DOGE) Trims Gains, Can This Key Support Hold Losses?"},"content":{"rendered":"<p><em>Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support.<\/em><\/p>\n<ul>\n<li>DOGE price is gaining bearish momentum below $0.1035.<\/li>\n<li>The price is trading below the $0.1020 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could extend losses and revisit the key support at $0.0980.<\/li>\n<\/ul>\n<h2>Dogecoin Price Extends Losses<\/h2>\n<p>After a steady increase, Dogecoin price faced sellers near the $0.1085 level. The price formed a short-term top and started another decline below the $0.1050 level like <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-downside-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-nosedives-2250\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>.<\/p>\n<p>There was a move below the $0.1035 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. There is also a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>Dogecoin price is now trading below the $0.1035 level and the 100-hourly simple moving average. It is also testing the 76.4% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high.<\/p>\n<figure id=\"attachment_642170\" aria-describedby=\"caption-attachment-642170\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-642170 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Doegcoin-DOGE_3115db.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><figcaption id=\"caption-attachment-642170\" 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>Immediate resistance on the upside is near the $0.1032 level. The next major resistance is near the $0.1045 level. A close above the $0.1045 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1085 level. The next major stop for the bulls might be $0.1120.<\/p>\n<h2>More Downsides In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.1035 level, it could start another decline. Initial support on the downside is near the $0.1000 level. The next major support is near the $0.0980 level.<\/p>\n<p>The main support sits at $0.0918. If there is a downside break below the $0.0918 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term.<\/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 $0.0980 and $0.0918.<\/p>\n<p>Major Resistance Levels \u2013 $0.1035 and $0.1050.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support. DOGE price is gaining bearish momentum below $0.1035. The price is trading below the $0.1020 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could extend losses and revisit the key support at $0.0980. Dogecoin Price Extends Losses After a steady increase, Dogecoin price faced sellers near the $0.1085 level. The price formed a short-term top and started another decline below the $0.1050 level like Bitcoin and Ethereum. There was a move below the $0.1035 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. There is also a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE\/USD pair. Dogecoin price is now trading below the $0.1035 level and the 100-hourly simple moving average. It is also testing the 76.4% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. Immediate resistance on the upside is near the $0.1032 level. The next major resistance is near the $0.1045 level. A close above the $0.1045 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1085 level. The next major stop for the bulls might be $0.1120. More Downsides In DOGE? If DOGE\u2019s price fails to climb above the $0.1035 level, it could start another decline. Initial support on the downside is near the $0.1000 level. The next major support is near the $0.0980 level. The main support sits at $0.0918. If there is a downside break below the $0.0918 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term. 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 $0.0980 and $0.0918. Major Resistance Levels \u2013 $0.1035 and $0.1050.<\/p>\n","protected":false},"author":67,"featured_media":642171,"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":[1788,7,79599,79600,84471],"class_list":["post-642168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\n<title>Dogecoin (DOGE) Trims Gains, Can This Key Support Hold Losses?<\/title>\n<meta name=\"description\" content=\"Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. 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