Dogecoin (DOGE) fell below the $0.0950 support level and broke through a bullish trend line on the hourly chart, with technical indicators now pointing to the possibility of further losses unless the meme coin can reclaim the $0.0932 resistance zone.
What Happened: DOGE Breaks Key Support
The token dropped below $0.0950 and $0.0932, following a broader downturn that also hit Bitcoin (BTC) and Ethereum (ETH). According to hourly chart data, a bullish trend line with support at $0.0920 gave way during the selloff.
DOGE traded as low as $0.0885. A brief recovery above $0.0900 failed to reach the 38.2% Fibonacci retracement level of the move from the $0.0977 high to the $0.0885 low, leaving the price below the 100-hourly simple moving average.
On the upside, resistance sits at $0.0920, then at $0.0932, which aligns with the 50% Fibonacci retracement. A close above $0.0950 could open the path toward $0.0975 and eventually $0.10.
Also Read: XRP Holds $1.35 As Traders Eye Fresh Breakout
Why It Matters: Bearish Momentum Building
The hourly MACD is gaining momentum in the bearish zone, and the RSI has dropped below 50 — both signals that sellers remain in control. If DOGE fails to climb above $0.0932, the next support levels to watch are $0.0885 and $0.0850.
A break below $0.0820 could accelerate the decline toward $0.0800 or even $0.0750 in the near term. Major support sits at $0.0885 and $0.0850, while key resistance remains at $0.0920 and $0.0932.
Read Next: Bitcoin, Ethereum Lead $1B Rebound In Crypto Products