CandleFocus Dogecoin (DOGE) Breaks Key Support, But Bulls Aren’t Backing Down
2024-09-26
Author: Content Editor
The price of Dogecoin (DOGE) failed to surpass the $0.1120 resistance level against the US Dollar and experienced a correction. However, DOGE bulls are still active around the $0.1080 level and may push the price higher again. The price dipped below key support levels and a bullish trend line but found support near $0.1075. It is currently trading above $0.1080 and the 100-hourly simple moving average. On the upside, immediate resistance is at $0.1095, followed by major resistance at $0.1120. If the price fails to climb above $0.1095, it could start another decline with support levels at $0.1080, $0.1065, and $0.1050. A downside break below $0.1050 may lead to further declines towards $0.1000 or even $0.0950. The MACD indicator is losing bullish momentum, and the RSI is below the 50 level.
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