{"id":27052,"date":"2023-08-17T06:05:52","date_gmt":"2023-08-17T06:05:52","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/17\/dogecoin-price-doge-poised-for-continued-weakness-below-0-07\/"},"modified":"2023-08-17T06:05:52","modified_gmt":"2023-08-17T06:05:52","slug":"dogecoin-price-doge-poised-for-continued-weakness-below-0-07","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/17\/dogecoin-price-doge-poised-for-continued-weakness-below-0-07\/","title":{"rendered":"Dogecoin Price (DOGE) Poised for Continued Weakness Below $0.07"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><em>Dogecoin is down over 10% and buying and selling under the $0.070 resistance in opposition to the US Dollar. DOGE might prolong losses if there&#8217;s a transfer under $0.065.<\/em><\/p>\n<ul>\n<li>DOGE is at the moment buying and selling in a bearish zone under $0.072 in opposition to the US greenback.<\/li>\n<li>The value is buying and selling properly under the $0.070 zone and the 100 easy shifting common (4 hours).<\/li>\n<li>There is a key bearish development line forming with resistance close to $0.071 on the 4-hours chart of the DOGE\/USD pair (knowledge supply from Kraken).<\/li>\n<li>The value might appropriate increased however upsides is perhaps restricted above $0.072.<\/li>\n<\/ul>\n<h2>Dogecoin Price Extends Losses<\/h2>\n<p>After going through a powerful rejection close to $0.078, Dogecoin value began a contemporary decline. DOGE declined over 10% and traded under the $0.0720 help zone to enter a bearish zone, much like <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-plunges-28400\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-takes-a-bit-hit-main-reasons-1720-or-1650-are-likely-targets\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>.<\/p>\n<p>The value even settled under the $0.070 stage. Finally, it examined the $0.065 zone. A low is shaped close to $0.0657 and the value is now consolidating losses. It is approaching the 23.6% Fib retracement stage of the current decline from the $0.0772 swing excessive to $0.0657 low.<\/p>\n<p>DOGE is now buying and selling properly under the $0.070 zone and the 100 easy shifting common (4 hours). There can be a key bearish development line forming with resistance close to $0.071 on the 4-hours chart of the DOGE\/USD pair.<\/p>\n<p>On the upside, the value is going through resistance close to the $0.0685 stage. The first main resistance is close to the $0.070 stage or the development line. It is close to the 50% Fib retracement stage of the current decline from the $0.0772 swing excessive to $0.0657 low.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-547605\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468\" alt=\"Dogecoin Price (DOGE) \" width=\"1024\" height=\"468\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=1835 1835w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=460 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=768 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=860 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=1536 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=750 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/08\/Doegcoin-DOGE.png?resize=1024%2C468?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" target=\"_blank\" rel=\"noopener\">DOGEUSD on TradingView.com<\/a><\/p>\n<p>An in depth above the $0.072 resistance would possibly ship the value towards the $0.075 resistance. The subsequent main resistance is close to $0.0780. Any extra good points would possibly ship the value towards the $0.080 stage.<\/p>\n<h2>More Losses in DOGE?<\/h2>\n<p>If DOGE\u2019s value fails to realize tempo above the $0.0720 stage, it might proceed to maneuver down. Initial help on the draw back is close to the $0.0655 stage.<\/p>\n<p>The subsequent main help is close to the $0.0632 stage. If there&#8217;s a draw back break under the $0.0632 help, the value might decline additional. In the acknowledged case, the value would possibly decline towards the $0.060 stage.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum within the bearish zone.<\/p>\n<p>4 Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now under the 50 stage.<\/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<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/doge\/dogecoin-price-doge-weakness-below-0-07\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Dogecoin is down over 10% and buying and selling under the $0.070 resistance in opposition to the US Dollar. DOGE might prolong losses if there&#8217;s a transfer under $0.065. DOGE is at the moment buying and selling in a bearish zone under $0.072 in opposition to the US greenback. The value is buying and 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