{"id":13348,"date":"2024-12-20T05:08:42","date_gmt":"2024-12-20T05:08:42","guid":{"rendered":"https:\/\/cryptd.in\/dogecoin-doge-plummets-bears-take-full-control-of-the-market\/"},"modified":"2024-12-20T05:08:42","modified_gmt":"2024-12-20T05:08:42","slug":"dogecoin-doge-plummets-bears-take-full-control-of-the-market","status":"publish","type":"post","link":"https:\/\/cryptd.in\/uk\/dogecoin-doge-plummets-bears-take-full-control-of-the-market\/","title":{"rendered":"Dogecoin (DOGE) Plummets: Bears Take Full Control of the Market"},"content":{"rendered":"<p><em>Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh decline below the $0.3650 level.<\/li>\n<li>The price is trading below the $0.3550 level and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could struggle to start a fresh increase above the $0.3550 and $0.3650 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Dips Sharply<\/h2>\n<p>Dogecoin price started a fresh decline from well above $0.400 like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-decline-continues-95500\/\" target=\"_blank\" rel=\"noopener \">\u0411\u0456\u0442\u043a\u043e\u0439\u043d<\/a> \u0456 <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-plunge-3320\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. DOGE traded below the $0.380 and $0.3650 support levels. It even spiked below $0.320.<\/p>\n<p>A low was formed at $0.30 and the price is now consolidating losses. It recovered some points and climbed above $0.320. It tested the 23.6% Fib retracement level of the downward move from the $0.4096 swing high to the $0.300 low.<\/p>\n<p>Dogecoin price is now trading below the $0.3550 level and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $0.3250 level. The first major resistance for the bulls could be near the $0.340 level. The next major resistance is near the $0.3550 level or the 50% Fib retracement level of the downward move from the $0.4096 swing high to the $0.300 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_ca45a2.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-665528\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_ca45a2.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>A close above the $0.3550 resistance might send the price toward the $0.3650 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40.<\/p>\n<h2>More Losses In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.3550 level, it could start another decline. Initial support on the downside is near the $0.3050 level. The next major support is near the $0.3050 level.<\/p>\n<p>The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.280 level or even $0.2620 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 $0.3050 and $0.3000.<\/p>\n<p>Major Resistance Levels \u2013 $0.3400 and $0.3550.<\/p>","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance. DOGE price started a fresh decline below the $0.3650 level. The price is trading below the $0.3550 level and the 100-hourly simple moving average. There is a connecting bearish [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":13350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dogecoin (DOGE) Plummets: Bears Take Full Control of the Market - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/uk\/dogecoin-doge-plummets-bears-take-full-control-of-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"uk_UA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin (DOGE) Plummets: Bears Take Full Control of the Market - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance. DOGE price started a fresh decline below the $0.3650 level. The price is trading below the $0.3550 level and the 100-hourly simple moving average. 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