Headline: Dogecoin slips below $0.096 as bears take control — key resistance at $0.095–$0.098
Dogecoin (DOGE) has resumed downside pressure after failing to hold the $0.0980 mark, mirroring weakness seen in Bitcoin and Ethereum. Data from Kraken shows DOGE dropped through $0.0965 and $0.0950, bottoming at about $0.0917, and is now consolidating losses under the 100-hour simple moving average.
What happened
- After the break under $0.0980, DOGE pushed below $0.0965 and $0.0950 and printed a low near $0.0917.
- A short-lived recovery lifted prices above $0.0940 but DOGE remained below the 23.6% Fibonacci retracement of the fall from $0.1044 to $0.0917, leaving the rebound limited.
Technical outlook
- Near-term upside faces resistance around $0.0950, where a bearish trend line sits on the hourly chart. The next major hurdle is about $0.0980 (the 50% Fibonacci retracement of the $0.1044–$0.0917 drop).
- A decisive move above $0.10 would open targets at $0.1050, $0.1080 and potentially $0.1120.
- On the downside, initial support is around $0.0920, followed by $0.0880. The key pivot is $0.0850 — a break below that could accelerate losses toward $0.0800 or even $0.0750 in the near term.
Momentum indicators
- Hourly MACD is losing momentum in the bearish zone.
- Hourly RSI sits below 50, reinforcing the short-term bearish bias.
Bottom line
Dogecoin remains under pressure while trading below the 100-hour SMA and the $0.0950–$0.0980 resistance zone. Bulls need a convincing move above $0.10 to regain control; otherwise, further downside toward $0.0880–$0.0850 (and possibly lower) is a real risk.
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