{"id":22325,"date":"2023-04-21T12:52:35","date_gmt":"2023-04-21T16:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=22325"},"modified":"2023-04-21T12:52:35","modified_gmt":"2023-04-21T16:52:35","slug":"dogecoin-price-prediction-doge-turns-red-can-this-support-save-the-bulls","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/21\/dogecoin-price-prediction-doge-turns-red-can-this-support-save-the-bulls\/","title":{"rendered":"Dogecoin Price Prediction: Doge Turns Red, Can This Support Save The Bulls?"},"content":{"rendered":"

Dogecoin started a fresh decline from $0.0950 against the US Dollar. DOGE is declining but the $0.080 support might protect more downsides.<\/em><\/p>\n

DOGE failed to clear $0.0950 and started a fresh decline against the US dollar.
\nThe price is trading below the $0.088 zone and the 100 simple moving average (4 hours).
\nThere was a break below a major bullish trend line with support near $0.0855 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair could decline further if there is a move below $0.080.<\/p>\n

Dogecoin Price Extends Losses<\/h2>\n

After a steady increase, Dogecoin\u2019s price faced resistance near $0.0950. DOGE formed a high near $0.0950 and started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.0850 support and the 100 simple moving average (4 hours). Besides, there was a break below a major bullish trend line with support near $0.0855 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n

A low is formed near $0.0825 and the pair is now consolidating losses. On the upside, the price is facing resistance near the $0.0855 level. It is close to the 23.6% Fib retracement level of the recent decline from the $0.0950 swing high to the $0.0825 low.<\/p>\n

<\/a><\/p>\n

Source: DOGEUSD on TradingView.com<\/a><\/p>\n

The next major resistance is near the $0.088 zone and the 100 simple moving average (4 hours). It coincides with the 50% Fib retracement level of the recent decline from the $0.0950 swing high to the $0.0825 low. A close above the $0.0885 resistance might send the price toward the $0.092 resistance. The next major resistance is near $0.0950. Any more gains might send the price toward the $0.100 level.<\/p>\n

More Losses in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0855 level, it could continue to move down. Initial support on the downside is near the $0.0825 level.<\/p>\n

The next major support is near the $0.080 level. If there is a downside break below the $0.080 support, the price could decline further. In the stated case, the price might decline toward the $0.0765 level.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n

4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0825, $0.080, and $0.0765.<\/p>\n

Major Resistance Levels \u2013 $0.0855, $0.0880, and $0.095.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin started a fresh decline from $0.0950 against the US Dollar. DOGE is declining but the $0.080 support might protect more downsides.<\/em><\/p>\n

DOGE failed to clear $0.0950 and started a fresh decline against the US dollar.
\nThe price is trading below the $0.088 zone and the 100 simple moving average (4 hours).
\nThere was a break below a major bullish trend line with support near $0.0855 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).
\nThe pair could decline further if there is a move below $0.080.<\/p>\n

Dogecoin Price Extends Losses<\/h2>\n

After a steady increase, Dogecoin\u2019s price faced resistance near $0.0950. DOGE formed a high near $0.0950 and started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.0850 support and the 100 simple moving average (4 hours). Besides, there was a break below a major bullish trend line with support near $0.0855 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n

A low is formed near $0.0825 and the pair is now consolidating losses. On the upside, the price is facing resistance near the $0.0855 level. It is close to the 23.6% Fib retracement level of the recent decline from the $0.0950 swing high to the $0.0825 low.<\/p>\n

<\/a><\/p>\n

Source: DOGEUSD on TradingView.com<\/a><\/p>\n

The next major resistance is near the $0.088 zone and the 100 simple moving average (4 hours). It coincides with the 50% Fib retracement level of the recent decline from the $0.0950 swing high to the $0.0825 low. A close above the $0.0885 resistance might send the price toward the $0.092 resistance. The next major resistance is near $0.0950. Any more gains might send the price toward the $0.100 level.<\/p>\n

More Losses in DOGE?<\/h2>\n

If DOGE\u2019s price fails to gain pace above the $0.0855 level, it could continue to move down. Initial support on the downside is near the $0.0825 level.<\/p>\n

The next major support is near the $0.080 level. If there is a downside break below the $0.080 support, the price could decline further. In the stated case, the price might decline toward the $0.0765 level.<\/p>\n

Technical Indicators<\/p>\n

4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n

4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $0.0825, $0.080, and $0.0765.<\/p>\n

Major Resistance Levels \u2013 $0.0855, $0.0880, and $0.095.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-22325","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=22325"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22325\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22325"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}