{"id":1911,"date":"2024-12-20T06:00:37","date_gmt":"2024-12-20T06:00:37","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/dogecoin-doge-plummets-bears-take-full-control-of-the-market\/"},"modified":"2024-12-20T06:00:37","modified_gmt":"2024-12-20T06:00:37","slug":"dogecoin-doge-plummets-bears-take-full-control-of-the-market","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/dogecoin-doge-plummets-bears-take-full-control-of-the-market\/","title":{"rendered":"Dogecoin (DOGE) Plummets: Bears Take Full Control of the Market"},"content":{"rendered":"<p><em>Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh decline below the $0.3650 level.<\/li>\n<li>The price is trading below the $0.3550 level and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could struggle to start a fresh increase above the $0.3550 and $0.3650 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Dips Sharply<\/h2>\n<p>Dogecoin price started a fresh decline from well above $0.400 like Bitcoin and Ethereum. DOGE traded below the $0.380 and $0.3650 support levels. It even spiked below $0.320.<\/p>\n<p>A low was formed at $0.30 and the price is now consolidating losses. It recovered some points and climbed above $0.320. It tested the 23.6% Fib retracement level of the downward move from the $0.4096 swing high to the $0.300 low.<\/p>\n<p>Dogecoin price is now trading below the $0.3550 level and the 100-hourly simple moving average. There is also a connecting bearish trend line forming with resistance at $0.3550 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>Immediate resistance on the upside is near the $0.3250 level. The first major resistance for the bulls could be near the $0.340 level. The next major resistance is near the $0.3550 level or the 50% Fib retracement level of the downward move from the $0.4096 swing high to the $0.300 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-665528\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Doegcoin-DOGE_ca45a2.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>A close above the $0.3550 resistance might send the price toward the $0.3650 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40.<\/p>\n<h2>More Losses In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.3550 level, it could start another decline. Initial support on the downside is near the $0.3050 level. The next major support is near the $0.3050 level.<\/p>\n<p>The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.280 level or even $0.2620 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.3050 and $0.3000.<\/p>\n<p>Major Resistance Levels \u2013 $0.3400 and $0.3550.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a major decline below the $0.3550 support against the US Dollar. DOGE is now consolidating and might struggle to recover above the $0.350 resistance. DOGE price started a fresh decline below the $0.3650 level. The price is trading below the $0.3550 level and the 100-hourly simple moving average. There is a connecting bearish&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[139],"tags":[63,145,65,146,66,147],"class_list":["post-1911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-doge","tag-doge-btc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1911"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1912"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}