Dogecoin resumed its slide on the hourly chart, slipping below key short-term supports and now consolidating losses amid broader market weakness.
Price action
- DOGE fell below the $0.0930 mark and is currently trading under $0.0920 and the 100-hour simple moving average (data via Kraken). The decline accelerated after DOGE closed beneath $0.0935, a move that echoed weakness seen in Bitcoin and Ethereum.
- The token broke a bullish trend line that had been supporting price around $0.0925 on the hourly chart and briefly traded as low as $0.0903 before a modest rebound.
Near-term resistance and recovery levels
- Immediate resistance sits near $0.0920 (and the 100-hour SMA). A stronger hurdle is at $0.0925, which also corresponds to the 50% Fibonacci retracement of the recent drop from $0.0948 to $0.0903.
- Clearing $0.0930 would open the path to $0.0938, with additional upside targets at $0.0950 and then $0.0980.
Downside risks
- If DOGE cannot reclaim $0.0925, further losses are possible. First downside support is around $0.0905, followed by $0.0900.
- The main protective level is $0.0880; a decisive break below that could send DOGE toward $0.0820 or even $0.080 in the near term.
Technical read
- Hourly MACD: bearish momentum is increasing.
- Hourly RSI: below 50, suggesting the short-term tilt favors sellers.
Bottom line
Dogecoin remains under pressure until it can regain $0.0925–$0.0930. Bulls need a clear break above these levels to shift momentum; otherwise, the path lower toward $0.0900 and $0.0880 (and potentially $0.0820–$0.080) looks more likely.
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