🐶 DOGE Price Dips Deeper – Buy the Dip or Wait for More Pain?
Dogecoin is facing tough times again 😓. After trying to break above $0.20, it slipped hard and is now struggling to stay afloat. Here’s what’s happening with $DOGE 👇
📉 Price Action Recap
DOGE failed to hold above $0.20 and tumbled below key support at $0.1880 and $0.1800. Right now, it's trading under $0.1850 and below the 100-hour SMA, showing clear bearish pressure.
A descending trendline 📉 is forming on the hourly chart with resistance near $0.1880.
🔁 Current Status
Price is consolidating losses between $0.1750 and $0.1800
Immediate resistance is around $0.1760, followed by $0.1840
A break above $0.1880 could target the big zone at $0.20, and even $0.2050 or $0.2120 if bulls step in 💪
📉 Bearish Scenario
But if DOGE fails to reclaim $0.1850, we might be looking at another leg down:
📉 Support at $0.1680, then $0.1650
Stronger floor sits at $0.1550 – if that breaks, next zones are $0.1350 and $0.1320 😬
📊 Technical Indicators
🕒 MACD: Losing steam in the bearish zone
📉 RSI: Below 50 – bears in control
🚨 Key Levels
Support: $0.1680 🛑 | $0.1650 | $0.1550
Resistance: $0.1760 🔼 | $0.1840 | $0.1880
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📌 DOGE fans, this could be a dip-buying chance or a caution zone. Watch for a clear break above resistance before jumping in!
