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Dogecoin, the cryptocurrency that started as a joke and somehow became a serious investment (because, of course, it did), has decided to test the laws of gravity. It’s now trading below the 100-hour moving average, which is technically fancy talk for “it’s going downhill fast.” 📉 Bearish indicators are waving their arms frantically, signaling that things might get worse before they get better-if they get better at all. 🚨
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- Dogecoin has broken a key bullish trend line-because why stick to trends when you can break them?-and several support levels. It’s now lounging below the 100-hour simple moving average like it’s on vacation. 🏖️
- The price is chilling under key Fibonacci retracement levels, with upside capped by nearby resistance and the 50% retracement of the latest decline. Translation: it’s stuck between a rock and a hard place. 🪨
- The MACD is flexing its bearish muscles in the bearish zone, and the RSI is sulking below 50, hinting at potential further downside if supports break again. Basically, it’s not looking good, folks. 🐻
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Dogecoin’s price has taken a tumble against the US Dollar, sliding below key support levels and trading under the 100-hour simple moving average at 13 cents. Because why have stability when you can have chaos? 💸
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The cryptocurrency broke below a key bullish trend line on the hourly chart, because apparently, even Dogecoin gets tired of being bullish sometimes. The decline followed broader weakness in Bitcoin (BTC) and Ethereum (ETH) markets, proving that when Bitcoin sneezes, Dogecoin catches a cold. 🦠
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Dogecoin Price Falls 6% in 24 Hours: A Tale of Woe
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Doge (DOGE) fell through several support levels like a hot knife through butter, establishing a new low before trading below the 23.6% Fibonacci retracement of the move from the recent swing high to that low. The price remained under the moving average, because why not? 📉
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Immediate upside resistance was identified near recent minor resistance levels, with first major resistance around the 50% Fibonacci retracement of the decline. A close above that level could lead to further gains toward higher resistance targets, but let’s not hold our breath. 🌬️
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Continued failure to climb above those resistance levels may result in additional downward pressure, analysts said. Initial downside support was located near the recent low, with a larger support level positioned below. A break of that support could lead to further losses toward lower price levels in the near term. In other words, buckle up-it’s going to be a bumpy ride. 🎢
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Technical indicators showed the MACD gaining momentum in the bearish zone while the RSI registered below the 50 level, because why have positive momentum when you can have the opposite? 📉
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Dogecoin, the cryptocurrency that started as a joke and somehow became a serious investment (because, of course, it did), has decided to test the laws of gravity. It’s now trading below the 100-hour moving average, which is technically fancy talk for “it’s going downhill fast.” 📉 Bearish indicators are waving their arms frantically, signaling that things might get worse before they get better-if they get better at all. 🚨
- Dogecoin has broken a key bullish trend line-because why stick to trends when you can break them?-and several support levels. It’s now lounging below the 100-hour simple moving average like it’s on vacation. 🏖️
- The price is chilling under key Fibonacci retracement levels, with upside capped by nearby resistance and the 50% retracement of the latest decline. Translation: it’s stuck between a rock and a hard place. 🪨
- The MACD is flexing its bearish muscles in the bearish zone, and the RSI is sulking below 50, hinting at potential further downside if supports break again. Basically, it’s not looking good, folks. 🐻
Dogecoin’s price has taken a tumble against the US Dollar, sliding below key support levels and trading under the 100-hour simple moving average at 13 cents. Because why have stability when you can have chaos? 💸
The cryptocurrency broke below a key bullish trend line on the hourly chart, because apparently, even Dogecoin gets tired of being bullish sometimes. The decline followed broader weakness in Bitcoin (BTC) and Ethereum (ETH) markets, proving that when Bitcoin sneezes, Dogecoin catches a cold. 🦠
Dogecoin Price Falls 6% in 24 Hours: A Tale of Woe
Doge (DOGE) fell through several support levels like a hot knife through butter, establishing a new low before trading below the 23.6% Fibonacci retracement of the move from the recent swing high to that low. The price remained under the moving average, because why not? 📉
Immediate upside resistance was identified near recent minor resistance levels, with first major resistance around the 50% Fibonacci retracement of the decline. A close above that level could lead to further gains toward higher resistance targets, but let’s not hold our breath. 🌬️
Continued failure to climb above those resistance levels may result in additional downward pressure, analysts said. Initial downside support was located near the recent low, with a larger support level positioned below. A break of that support could lead to further losses toward lower price levels in the near term. In other words, buckle up-it’s going to be a bumpy ride. 🎢
Technical indicators showed the MACD gaining momentum in the bearish zone while the RSI registered below the 50 level, because why have positive momentum when you can have the opposite? 📉
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2025-12-01 10:09