{"id":365152,"date":"2025-02-03T10:45:30","date_gmt":"2025-02-03T05:15:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=365152"},"modified":"2025-02-03T10:45:30","modified_gmt":"2025-02-03T05:15:30","slug":"dogecoin-doge-plunges-to-0-20-is-this-the-bottom-or-more-pain-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-doge-plunges-to-0-20-is-this-the-bottom-or-more-pain-ahead-crypto-news\/","title":{"rendered":"Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p><em>Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh decline below the $0.2850 and $0.2650 support levels.<\/li>\n<li>The price is trading below the $0.280 level and the 100-hourly simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could start another increase if it clears the $0.250 and $0.270 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Dives 30%<\/h2>\n<p>Dogecoin price started a fresh decline from the $0.3250 resistance zone, like <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-nosedives-91k\/\">Bitcoin<\/a> and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-tanks-2120\/\">Ethereum<\/a>. DOGE dipped below the $0.300 and $0.2750 support levels. It even spiked below $0.220.<\/p>\n<p>The price declined over 25% and tested the $0.20 zone. A low was formed at $0.20 and the price is now rising. There was a move above the 23.6% Fib retracement level of the downward move from the $0.3416 swing high to the $0.20 low.<\/p>\n<p>Dogecoin price is now trading above the $0.280 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.250 level. The first major resistance for the bulls could be near the $0.260 level.<\/p>\n<p>The next major resistance is near the $0.270 level or the 50% Fib retracement level of the downward move from the $0.3416 swing high to the $0.20 low. There is also a major bearish trend line forming with resistance at $0.270 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Doegcoin-DOGE.png\"><\/a><\/p>\n<p>A close above the $0.270 resistance might send the price toward the $0.2880 resistance. Any more gains might send the price toward the $0.30 level. The next major stop for the bulls might be $0.320.<\/p>\n<h2>Another Decline In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.250 level, it could start another decline. Initial support on the downside is near the $0.2250 level. The next major support is near the $0.2150 level.<\/p>\n<p>The main support sits at $0.20. If there is a downside break below the $0.20 support, the price could decline further. In the stated case, the price might decline toward the $0.1880 level or even $0.1650 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.2250 and $0.2150.<\/p>\n<p>Major Resistance Levels \u2013 $0.2500 and $0.2700.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270. DOGE price started a fresh decline below the $0.2850 and $0.2650 support levels. The price is trading below the $0.280 level and the 100-hourly simple moving average. There is a major bearish trend line [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":356360,"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-365152","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\/365152","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=365152"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365152\/revisions"}],"predecessor-version":[{"id":365155,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/365152\/revisions\/365155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/356360"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=365152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=365152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=365152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}