Dogecoin (DOGE) slipped below the $0.0950 level after failing to hold above $0.0980, with the meme coin now testing a key support zone around $0.0912 inside a declining channel on the hourly chart.
What Happened: DOGE Corrects Below $0.0950
The pullback followed a broader downturn that also hit Bitcoin (BTC) and Ethereum (ETH).
DOGE fell through the $0.0965 and $0.0950 levels and briefly dropped below the 50% Fibonacci retracement of the move from the $0.0859 swing low to the $0.1004 high.
The price has since stabilized above $0.0920 and the 100-hourly simple moving average, with immediate resistance sitting near $0.0940. A break above $0.0980 could open a path toward $0.10 and potentially $0.1120, while a failure to reclaim $0.0950 risks a slide to $0.090 or the 76.4% Fibonacci retracement level, with deeper support at $0.0860 and $0.0825.
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Why It Matters: Key Technical Levels
The hourly MACD is gaining momentum in the bearish zone, and the RSI has dropped below the 50 level — both signals that sellers remain in control for now. Major support sits at $0.0920 and $0.0880, while resistance levels at $0.0950 and $0.0980 mark the thresholds bulls need to clear for any sustained recovery.
The declining channel pattern on the hourly chart suggests DOGE could stay range-bound until one side breaks decisively. Whether the $0.0910 floor holds or cracks will likely determine the token's direction in the near term.
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