Dogecoin (DOGE) slipped below its $0.0920 support level amid a broader crypto selloff that also dragged down Bitcoin (BTC) and Ethereum (ETH), with the meme coin now trading under the 100-hourly simple moving average and facing bearish technical signals on the hourly chart.
DOGE Price Breakdown
The decline pushed DOGE through multiple support floors. The token fell below $0.0920 and $0.0910 before hitting a low near $0.0889.
A brief recovery above $0.0900 failed to gain traction.
The price stalled below the 38.2% Fibonacci retracement level of the move from the $0.0944 swing high to the $0.0889 low.
A bearish trend line has formed with resistance at $0.0920 on the hourly chart of the DOGE/USD pair. Immediate resistance sits at $0.0910, with the next major level at $0.0920 near the 50% Fibonacci retracement mark.
A close above $0.0932 could open the door to $0.0950.
Beyond that, traders are watching $0.0980 and the $0.10 level as potential upside targets.
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Bearish Technical Outlook
The downside risks remain significant if DOGE fails to reclaim $0.0920. Initial support rests at $0.0900, followed by $0.0880, and the critical floor is at $0.0850.
A break below that level could send the token sliding toward $0.0800 or even $0.0750.
The hourly MACD is gaining momentum in bearish territory. The RSI has dropped below 50, confirming sellers hold the upper hand for now.
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