{"id":23508,"date":"2023-05-08T05:52:38","date_gmt":"2023-05-08T09:52:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=23508"},"modified":"2023-05-08T05:52:38","modified_gmt":"2023-05-08T09:52:38","slug":"dogecoin-price-prediction-doge-hits-bearish-circuit-and-could-drop-to-0-07","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/05\/08\/dogecoin-price-prediction-doge-hits-bearish-circuit-and-could-drop-to-0-07\/","title":{"rendered":"Dogecoin Price Prediction: Doge Hits Bearish Circuit and Could Drop To $0.07"},"content":{"rendered":"

Dogecoin started a fresh decline from $0.0820 against the US Dollar. DOGE is declining and might drop toward the $0.065 support zone.<\/em><\/p>\n

DOGE failed to clear $0.0820 and started a fresh decline against the US dollar.
\nThe price is trading below the $0.080 zone and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.078 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 $0.0720.<\/p>\n

Dogecoin Price Drops Further<\/h2>\n

After a minor increase, Dogecoin\u2019s price faced resistance near $0.0820. DOGE formed a high near $0.0815 and started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.0800 support and the 100 simple moving average (4 hours). The bears were able to push the price below the key support at $0.0775. A low is formed near $0.0734 and the price is now showing bearish signs.<\/p>\n

DOGE is trading below the $0.080 zone and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.078 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $0.0775 level. It is close to the 50% Fib retracement level of the recent decline from the $0.0815 swing high to the $0.0734 low. The next major resistance is near the $0.078 zone and the trend line.<\/p>\n

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

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

The trend line is close to the 100 simple moving average (4 hours) and the 61.8% Fib retracement level of the recent decline from the $0.0815 swing high to the $0.0734 low. A close above the $0.078 resistance might send the price toward the $0.082 resistance. The next major resistance is near $0.0850. Any more gains might send the price toward the $0.090 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.078 level, it could continue to move down. Initial support on the downside is near the $0.0735 level.<\/p>\n

The next major support is near the $0.0720 level. If there is a downside break below the $0.072 support, the price could decline further. In the stated case, the price might decline toward the $0.070 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 $0.0735, $0.072, and $0.070.<\/p>\n

Major Resistance Levels \u2013 $0.0775, $0.0780, and $0.082.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin started a fresh decline from $0.0820 against the US Dollar. DOGE is declining and might drop toward the $0.065 support zone.<\/em><\/p>\n

DOGE failed to clear $0.0820 and started a fresh decline against the US dollar.
\nThe price is trading below the $0.080 zone and the 100 simple moving average (4 hours).
\nThere is a key bearish trend line forming with resistance near $0.078 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 $0.0720.<\/p>\n

Dogecoin Price Drops Further<\/h2>\n

After a minor increase, Dogecoin\u2019s price faced resistance near $0.0820. DOGE formed a high near $0.0815 and started a fresh decline, similar to Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a clear move below the $0.0800 support and the 100 simple moving average (4 hours). The bears were able to push the price below the key support at $0.0775. A low is formed near $0.0734 and the price is now showing bearish signs.<\/p>\n

DOGE is trading below the $0.080 zone and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.078 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n

On the upside, the price is facing resistance near the $0.0775 level. It is close to the 50% Fib retracement level of the recent decline from the $0.0815 swing high to the $0.0734 low. The next major resistance is near the $0.078 zone and the trend line.<\/p>\n

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

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

The trend line is close to the 100 simple moving average (4 hours) and the 61.8% Fib retracement level of the recent decline from the $0.0815 swing high to the $0.0734 low. A close above the $0.078 resistance might send the price toward the $0.082 resistance. The next major resistance is near $0.0850. Any more gains might send the price toward the $0.090 level.<\/p>\n

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

If DOGE\u2019s price fails to gain pace above the $0.078 level, it could continue to move down. Initial support on the downside is near the $0.0735 level.<\/p>\n

The next major support is near the $0.0720 level. If there is a downside break below the $0.072 support, the price could decline further. In the stated case, the price might decline toward the $0.070 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 $0.0735, $0.072, and $0.070.<\/p>\n

Major Resistance Levels \u2013 $0.0775, $0.0780, and $0.082.<\/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-23508","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\/23508","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=23508"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/23508\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=23508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=23508"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=23508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}