Dogecoin (DOGE),It showed a decent recovery and tested the $0.1285 region.
Afterwards, DOGE could not continue its rise and BitcoinAnd Ethereum It started to decline and fell below $0.1285. There was a move below the $0.1250 support level and the 100 hourly easy moving average.
Dogecoin’s technical structure remains positive
The price declined below the 23.6% Fib retracement level following the real rally from the $0.1129 high to $0.1285 low. The bulls are currently active near the $0.1220 zone.
DOGE is currently trading below the $0.1250 level and the 100 hourly easy moving average. Additionally, there is a significant ascending channel structure formed with a support near $0.1220 on the hourly chart of the DOGE/USD parity.
![](https://www.coinkolik.com/wp-content/uploads/2024/06/dogecoin-doge-kripto-1140x514.webp)
What do the indicators say for DOGE?
DOGE price may continue to decline if it fails to climb above the $0.1285 level. The first support on the downside is near the $0.1220 level. The next major support for the well-known memecoin is near the $0.1185 level. If there is a break below the $0.1185 support, the price could decline further. In the specified case, the price may decline to $0.1120.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is currently gaining momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI is currently below the 50 level.
Major Support Levels – $0.1220, $0.1185 and $0.1120.
Major Resistance Levels – $0.1260, $0.1285 and $0.1320.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.