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Home Market & Analysis

Dogecoin (DOGE) Nosedives Toward $0.20—More Pain Ahead?

n70products by n70products
February 25, 2025
in Market & Analysis
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Dogecoin (DOGE) Nosedives Toward $0.20—More Pain Ahead?
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Dogecoin began a recent decline under the $0.250 zone towards the US Greenback. DOGE examined $0.2050 is now consolidating under the $0.2250 resistance.

  • DOGE value began a recent decline under the $0.260 and $0.250 ranges.
  • The value is buying and selling under the $0.2380 stage and the 100-hourly easy transferring common.
  • There’s a connecting bearish development line forming with resistance at $0.2180 on the hourly chart of the DOGE/USD pair (knowledge supply from Kraken).
  • The value might begin a restoration if it clears the $0.2180 and $0.2200 resistance ranges.

Dogecoin Worth Dips Over 5%

Dogecoin value began a recent decline under the $0.2650 zone, not like Bitcoin and Ethereum. DOGE dipped under the $0.260 and $0.250 assist ranges. It even spiked under $0.2150.

A low was fashioned at $0.2052 and the worth is now consolidating losses. There was a transfer above the $0.2080 stage, however the value remained under the 23.6% Fib retracement stage of the downward transfer from the $0.2609 swing excessive to the $0.2052 low.

Dogecoin value is now buying and selling under the $0.2250 stage and the 100-hourly easy transferring common. Rapid resistance on the upside is close to the $0.2150 stage. The primary main resistance for the bulls may very well be close to the $0.2180 stage.

There may be additionally a connecting bearish development line forming with resistance at $0.2180 on the hourly chart of the DOGE/USD pair. The following main resistance is close to the $0.2250 stage.

Dogecoin Price

A detailed above the $0.2250 resistance would possibly ship the worth towards the $0.2330 resistance and the 50% Fib retracement stage of the downward transfer from the $0.2609 swing excessive to the $0.2052 low. Any extra good points would possibly ship the worth towards the $0.250 stage. The following main cease for the bulls is likely to be $0.2620.

Extra Losses In DOGE?

If DOGE’s value fails to climb above the $0.2180 stage, it might begin one other decline. Preliminary assist on the draw back is close to the $0.2065 stage. The following main assist is close to the $0.2050 stage.

The primary assist sits at $0.20. If there’s a draw back break under the $0.20 assist, the worth might decline additional. Within the said case, the worth would possibly decline towards the $0.1880 stage and even $0.1740 within the close to time period.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum within the bearish zone.

Hourly RSI (Relative Energy Index) – The RSI for DOGE/USD is now under the 50 stage.

Main Help Ranges – $0.2050 and $0.2000.

Main Resistance Ranges – $0.2180 and $0.2250.



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Tags: 0.20MoreaheadDOGEDogecoinNosedivesPain
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