Dogecoin’s Fall: Bear Market Bites

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The once-vibrant Dogecoin, that whimsical digital creature, now languishes beneath the $0.10 threshold, its fortunes waning like a fading sunset over the fiscal horizon. DOGE, that mischievous pup, now huddles in the shadows of $0.0950 and $0.10, its tail between its legs.

  • The price, that fickle jester, has descended below the $0.10 mark, its trajectory a testament to the capriciousness of market whims.
  • Now, it slinks below $0.0950, a shadowy specter haunting the 100-hourly simple moving average, that ancient oracle of trends.
  • A key bearish trend line, that sly fox, has begun to take shape, its resistance at $0.0958 a gauntlet thrown to the bullish contenders.
  • If the price lingers below $0.10 and $0.1020, expect a further descent, as if the market itself were a grumpy old man muttering about the end of days.

Dogecoin Price At Risk of Downside Break

Having closed below $0.1020, Dogecoin, that once-proud steed, now trots in the shadow of Bitcoin and Ethereum, its hooves stumbling over $0.10 and $0.0950. A low of $0.0932, that cruel jest, was reached, followed by a brief recovery above $0.0925, only to be thwarted by the 38.2% Fib retracement, that unyielding wall.

Now, the price crawls beneath $0.0950 and the 100-hourly SMA, that solemn guardian of averages. A bearish trend line, that cunning serpent, coils at $0.0958, its coils tightening with each passing hour.

Should a recovery wave dare rise, the first hurdle is $0.0925 or the 50% Fib level, that slippery slope. The bulls, those valiant but misguided knights, might find solace near $0.0955 and the trend line, but the next gauntlet lies at $0.0975, a fortress of resistance.

A breach above $0.0975 could unleash a torrent toward $0.10, that elusive mirage. Further gains might propel the price toward $0.1020, a summit of fleeting hope. The bulls, ever the optimists, may fixate on $0.1050, that distant dream.

Downside Break In DOGE?

If the price falters at $0.0958, the descent continues, a dance of despair. Initial support, that frail crutch, lies near $0.0910, while the next, $0.090, waits like a silent specter.

The main support, that last bastion, resides at $0.0880. A breach below, and the price plunges toward $0.0832 or even $0.0820, a freefall into the abyss.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD, that vigilant sentinel, now marches in the bearish domain, its momentum a grim omen.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD, that fickle friend, has retreated below the 50 threshold, a harbinger of pessimism.

Major Support Levels – $0.0910 and $0.0900, those crumbling fortresses.

Major Resistance Levels – $0.0955 and $0.0975, those unscalable peaks.

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2026-02-24 08:30