Dogecoin (DOGE) Dips: A Warning Sign or A Hidden Opportunity?
WikiBit 2025-01-10 14:26
Dogecoin started a fresh decline below the $0.350 zone against the US Dollar. DOGE is now consolidating and might recover if it clears the $0.3350
A close above the $0.350 resistance might send the price toward the $0.3620 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40.
Another Decline In DOGE？
If DOGEs price fails to climb above the $0.3350 level, it could start another decline. Initial support on the downside is near the $0.320 level. The next major support is near the $0.3150 level.
The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2720 in the near term.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level.
Major Support Levels – $0.320 and $0.3150.
Major Resistance Levels – $0.3350 and $0.3400.
Disclaimer：
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