Dogecoin struggles below key resistance as bearish pressure builds
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Dogecoin (DOGE) continues to show signs of relative weakness compared to broader crypto peers, failing to recover above the $0.1620–$0.1650 range following a rejection near the $0.1700 mark. While DOGEUSD is currently up 1.03%, its recovery remains technically constrained, trading below the 100-hour simple moving average and forming a descending trendline on the hourly chart, indicating limited bullish momentum in the near term.
The most recent rejection at $0.1700 triggered a pullback that pushed DOGE below both the $0.1650 and $0.1600 supports, with a local low recorded at $0.1573. A modest rebound has brought price action slightly above the 23.6% Fibonacci retracement level from the $0.1693 swing high, but the structure remains weak. The primary overhead resistance now sits at $0.1620, in line with the descending trendline and 100-hour MA — a zone that must be reclaimed to neutralize bearish short-term bias.
Should bulls break above $0.1620, the next key resistance lies at $0.1635, coinciding with the 50% Fibonacci level. A decisive move beyond this threshold could open the door to a retest of $0.1665 and, potentially, $0.1700. Sustained strength above $0.1720 would then be required to re-establish upward momentum and target the next major psychological barrier at $0.1800.
On the downside, immediate support rests at $0.1575, with further vulnerabilities toward $0.1540. A confirmed breakdown below the $0.1500 support base could accelerate selling pressure, exposing DOGE to a deeper retracement toward $0.1420, and in a more aggressive scenario, $0.1350.
From a technical perspective, the Hourly MACD remains aligned in bearish territory, and the RSI is trending below the neutral 50 line, reflecting deteriorating momentum and a cautious stance among intraday traders.
In summary, Dogecoin remains trapped in a corrective structure, underperforming Bitcoin (+1.08%) and lacking the catalyst needed to trigger a breakout. Until DOGE reclaims the $0.1620–$0.1665 resistance zone on convincing volume, the path of least resistance remains to the downside, with support levels at $0.1500 and $0.1420 in play for tactical traders.
The most recent rejection at $0.1700 triggered a pullback that pushed DOGE below both the $0.1650 and $0.1600 supports, with a local low recorded at $0.1573. A modest rebound has brought price action slightly above the 23.6% Fibonacci retracement level from the $0.1693 swing high, but the structure remains weak. The primary overhead resistance now sits at $0.1620, in line with the descending trendline and 100-hour MA — a zone that must be reclaimed to neutralize bearish short-term bias.
Should bulls break above $0.1620, the next key resistance lies at $0.1635, coinciding with the 50% Fibonacci level. A decisive move beyond this threshold could open the door to a retest of $0.1665 and, potentially, $0.1700. Sustained strength above $0.1720 would then be required to re-establish upward momentum and target the next major psychological barrier at $0.1800.
On the downside, immediate support rests at $0.1575, with further vulnerabilities toward $0.1540. A confirmed breakdown below the $0.1500 support base could accelerate selling pressure, exposing DOGE to a deeper retracement toward $0.1420, and in a more aggressive scenario, $0.1350.
From a technical perspective, the Hourly MACD remains aligned in bearish territory, and the RSI is trending below the neutral 50 line, reflecting deteriorating momentum and a cautious stance among intraday traders.
In summary, Dogecoin remains trapped in a corrective structure, underperforming Bitcoin (+1.08%) and lacking the catalyst needed to trigger a breakout. Until DOGE reclaims the $0.1620–$0.1665 resistance zone on convincing volume, the path of least resistance remains to the downside, with support levels at $0.1500 and $0.1420 in play for tactical traders.