NewsBTC 2026-05-08 06:28:05

Dogecoin (DOGE) Back Under Pressure, Rebound Chances Face Big Test

Dogecoin started a fresh decline below the $0.1120 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1085 and $0.1115. DOGE price started a fresh decline below the $0.110 level. The price is trading below the $0.110 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1085 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1085 and $0.1115. Dogecoin Price Dips Again Dogecoin price started a fresh decline after it closed below $0.1120, like Bitcoin and Ethereum . DOGE declined below the $0.110 and $0.1080 support levels. The price even dipped toward the $0.1050 level. A low was formed near $0.1058, and the price is now showing bearish signs well below the 23.6% Fib retracement level of the downward move from the $0.1172 swing high to the $0.1058 low. Dogecoin price is now trading below the $0.1085 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1085 level. There is also a bearish trend line forming with resistance at $0.1085 on the hourly chart of the DOGE/USD pair. The first major resistance for the bulls could be near the $0.110 level. The next major resistance is near the $0.1115 level and the 50% Fib retracement level of the downward move from the $0.1172 swing high to the $0.1058 low. A close above the $0.1115 resistance might send the price toward the $0.1132 resistance. Any more gains might send the price toward the $0.1145 level. The next major stop for the bulls might be $0.1720. More Losses In DOGE? If DOGE’s price fails to climb above the $0.1085 level, it could continue to move down. Initial support on the downside is near the $0.1050 level. The next major support is near the $0.1020 level. The main support sits at $0.10. If there is a downside break below the $0.10 support, the price could decline further. In the stated case, the price might slide toward the $0.0880 level or even $0.0820 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1050 and $0.1020. Major Resistance Levels – $0.1085 and $0.1115.

Meist gelesene Nachrichten

Voters Want Crypto Legislation Now: 70% Say A...
2026-05-08
Top Trader to Jake Claver: XRP to $1200+ Is N...
2026-05-08
Bitcoin Market Structure Has Been Quietly Cha...
2026-05-08
Coinbase Suffers Outage Due to AWS Disruption
2026-05-08
Is a Cardano market bottom finally forming on...
2026-05-08
AWS Overheating Issue Disrupts Coinbase and O...
2026-05-08
Bitcoin Reclaims Short-Term Holder Cost Basis...
2026-05-08
USD/INR Snaps Three-Day Losing Streak as Oil...
2026-05-08

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen