Dogecoin started a fresh decline below the $0.1050 zone against the US Dollar. It is trading below the $0.10 level and the 100-hourly simple moving average, with a key bearish trend line forming near $0.1005 on the hourly DOGEUSD chart (data from Kraken). The price could extend losses if it stays below $0.1020 and $0.1040. A low was formed near $0.0955, and bearish momentum remains intact despite a brief recovery above $0.0980.
There was a recovery above $0.0980, but the price stayed below the 23.6% Fib retracement of the move from $0.1174 to $0.0955. Immediate resistance on a rally sits near $0.10, with the first major hurdle at $0.1005 and the trend line. A close above $0.1040—the 38.2% Fib retracement level—could push the price toward $0.1065, and then toward $0.1120 and $0.1150 if momentum persists.
On the downside, initial support is near $0.0955, followed by $0.0920, and the main support sits at $0.0880. A break below $0.0880 could push DOGE toward $0.0832 or even $0.0820 in the near term. Technicals show MACD in bearish momentum and RSI below 50, underscoring the downside tilt.
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