DOGE Bulls in Trouble—Can They Stop a Drop Below $0.15?

From $0.1880 versus the US Dollar, Dogecoin fell again. DOGE may test $0.150 as it falls.

Below $0.1850 and $0.1750, DOGE price fell again.
The price is below $0.1750 and the 100-hour SMA.

On the hourly DOGE/USD chart, a bearish trend line with resistance at $0.170 is formed.

If $0.1620 support is broken, losses may continue.
Dogecoin Price Falls More

Dogecoin fell after failing to reach $0.200 like Bitcoin and Ethereum. Below $0.1880 and $0.1820 support, DOGE fell.

Bears pushed the price below $0.1750. The $0.1620 support was even approached. The price is consolidating losses below the 23.6% Fib retracement line of the bearish move from the $0.2057 swing high to the $0.1628 low.

Dogecoin is below $0.1750 and the 100-hourly SMA. There's immediate upward resistance above $0.170. The hourly DOGE/USD data shows a negative trend line with resistance at $0.170.

Bulls may see first resistance at $0.1730. Near $0.1770 is the next big resistance. A closing above $0.1770 might push pricing above $0.1850.

Near $0.1850 is the 50% Fib retracement level of the bearish trend from the $0.2057 swing high to the $0.1628 low. More advances might push the price toward $0.1880. Bulls may halt at $0.1950 next.

More DOGE losses?

DOGE may fall again if it fails to get over $0.1770. Initial negative support is $0.1635. Near $0.1620 is the next important support.

The major support is $0.1550. If the price breaks $0.1550, it might fall lower. The price may fall to $0.1320 or $0.120 in the short term.

Tech Indicators

DOGE/USD's hourly MACD is becoming negative.

DOGE/USD's hourly RSI is below 50.

Key Support Levels: $0.1620, $0.1550.

Major resistance levels: $0.1720, $0.1770.

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