🐶 $DOGE 's Bearish Trend Deepens: Time to Buy or Brace for More Losses?

From $0.20 versus the US Dollar, Dogecoin fell again. DOGE is consolidating losses and may rebound over $0.180.

Below $0.1880 and $0.180, DOGE price fell again.

The price is below $0.1850 and the 100-hour SMA.

On the hourly DOGE/USD chart, a negative trend line with resistance around $0.1880 is formed.

If it falls below $0.1680, the price may fall again.

Dogecoin Price Falls Below Support

After failing to break $0.20 like Bitcoin and Ethereum, Dogecoin fell again. DOGE fell below $0.1920 and $0.1880.

Bears drove the price below $0.1750. The price is consolidating losses below the 23.6% Fib retracement level of the bearish move from the $0.2005 swing high to the $0.1687 low.

Dogecoin is below $0.1850 and the 100-hourly SMA. The hourly DOGE/USD chart shows a negative trend line with resistance at $0.1880.

Near $0.1760 is immediate upward resistance. Bulls may see first resistance at $0.1840. The 50% Fib retracement level of the decline from the $0.2005 swing high to the $0.1687 low is near.

Near $0.1880 is the next significant resistance. A closing above $0.1880 might push pricing near $0.20. More advances might push the price toward $0.2050. Bulls may halt at $0.2120 next.

More DOGE losses?

DOGE may fall again if it fails to get over $0.1850. The trend line and $0.1685 level provide downside support. Near $0.1650 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 $0.1350 or $0.1320 in the short term.

Tech Indicators

DOGE/USD hourly MACD is losing momentum in the negative zone.

DOGE/USD's hourly RSI is below 50.

Key Support Levels: $0.1680, $0.1650.

Key Resistance Levels: $0.1760, $0.1880.

#MyCOSTrade #TrumpVsMusk #MarketPullback #CircleIPO #CUDISBinanceTGE $SOL $BTC