{"id":138247,"date":"2023-09-02T04:09:42","date_gmt":"2023-09-01T22:39:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=138247"},"modified":"2023-09-02T04:09:42","modified_gmt":"2023-09-01T22:39:42","slug":"dogecoin-price-doge-poised-for-continued-weakness-below-0-07-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-price-doge-poised-for-continued-weakness-below-0-07-crypto-news\/","title":{"rendered":"Dogecoin Price (DOGE) Poised for Continued Weakness Below $0.07 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>Dogecoin is down over 10% and trading below the $0.070 resistance against the US Dollar. DOGE could extend losses if there is a move below $0.065.<\/em><\/p>\n<ul>\n<li>DOGE is currently trading in a bearish zone below $0.072 against the US dollar.<\/li>\n<li>The price is trading well below the $0.070 zone and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key bearish trend line forming with resistance near $0.071 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could correct higher but upsides might be limited above $0.072.<\/li>\n<\/ul>\n<h2>Dogecoin Price Extends Losses<\/h2>\n<p>After facing a strong rejection near $0.078, Dogecoin price started a fresh decline. DOGE declined over 10% and traded below the $0.0720 support zone to enter a bearish zone, similar to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-plunges-28400\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-takes-a-bit-hit-main-reasons-1720-or-1650-are-likely-targets\/\">Ethereum<\/a>.<\/p>\n<p>The price even settled below the $0.070 level. Finally, it tested the $0.065 zone. A low is formed near $0.0657 and the price is now consolidating losses. It is approaching the 23.6% Fib retracement level of the recent decline from the $0.0772 swing high to $0.0657 low.<\/p>\n<p>DOGE is now trading well below the $0.070 zone and the 100 simple moving average (4 hours). There is also a key bearish trend line forming with resistance near $0.071 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n<p>On the upside, the price is facing resistance near the $0.0685 level. The first major resistance is near the $0.070 level or the trend line. It is near the 50% Fib retracement level of the recent decline from the $0.0772 swing high to $0.0657 low.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\">DOGEUSD on TradingView.com<\/a><\/p>\n<p>A close above the $0.072 resistance might send the price toward the $0.075 resistance. The next major resistance is near $0.0780. Any more gains might send the price toward the $0.080 level.<\/p>\n<h2>More Losses in DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to gain pace above the $0.0720 level, it could continue to move down. Initial support on the downside is near the $0.0655 level.<\/p>\n<p>The next major support is near the $0.0632 level. If there is a downside break below the $0.0632 support, the price could decline further. In the stated case, the price might decline toward the $0.060 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n<p>4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.0655, $0.0632, and $0.0600.<\/p>\n<p>Major Resistance Levels \u2013 $0.070, $0.072, and $0.075.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is down over 10% and trading below the $0.070 resistance against the US Dollar. DOGE could extend losses if there is a move below $0.065. DOGE is currently trading in a bearish zone below $0.072 against the US dollar. The price is trading well below the $0.070 zone and the 100 simple moving average [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":138248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-138247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138247"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138247\/revisions"}],"predecessor-version":[{"id":138249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138247\/revisions\/138249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138248"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}