{"id":37878,"date":"2022-12-12T07:55:57","date_gmt":"2022-12-12T07:55:57","guid":{"rendered":"http:\/\/egrowonline.com\/?p=37878"},"modified":"2022-12-12T07:55:57","modified_gmt":"2022-12-12T07:55:57","slug":"dogecoin-price-plunges-10-time-to-buy-doge-on-dips","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=37878","title":{"rendered":"Dogecoin Price Plunges 10%, Time To Buy DOGE on Dips?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><em>Dogecoin reacted to the downside from the $0.1120 resistance against the US Dollar. DOGE must stay above the $0.080 support to start a fresh increase.<\/em><\/p>\n<ul>\n<li>DOGE started a fresh decline from the $0.1120 resistance against the US dollar.<\/li>\n<li>The price is trading below the $0.0950 zone and the 100 simple moving average (4-hours).<\/li>\n<li>There was a break below a key bullish trend line with support near $0.102 on the 4-hours chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The pair must stay above the $0.0800 support zone to start a fresh increase.<\/li>\n<\/ul>\n<h2>Dogecoin Price Takes A Hit<\/h2>\n<p>In the past few days, dogecoin saw a major decline from the $0.1120 resistance zone. DOGE reacted to the downside below the $0.1050 and $0.1000 support levels.<\/p>\n<p>During the decline, there was a break below a key bullish trend line with support near $0.102 on the 4-hours chart of the DOGE\/USD pair. The pair even declined below the 50% Fib retracement level of the upward move from the $0.0713 swing low to $0.1117 high.<\/p>\n<p>The price is now trading below the $0.0950 zone and the 100 simple moving average (4-hours). It is also showing a few bearish signs below $0.0900, similar <a target=\"_blank\" href=\"https:\/\/newsbtc.com\/analysis\/btc\/bitcoin-price-stuck-17k\/\" rel=\"noopener\">bitcoin<\/a> and <a target=\"_blank\" href=\"https:\/\/newsbtc.com\/analysis\/eth\/ethereum-price-rejection-1300\/\" rel=\"noopener\">ethereum<\/a>.<\/p>\n<p>On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.1000 level and the 100 simple moving average (4-hours). Any more gains above the $0.1000 zone could start a decent increase towards the $0.1080 zone.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE.png\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-512043\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE.png\" alt=\"Dogecoin Price\" width=\"1834\" height=\"845\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE.png 1834w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE-460x212.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE-860x396.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE-768x354.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE-1536x708.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE-750x346.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/12\/Doegcoin-DOGE-1140x525.png 1140w\" \/><\/a><\/p>\n<p>Source: <a target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSD\/\" rel=\"noopener\">DOGEUSD on TradingView.com<\/a><\/p>\n<p>The main hurdle seems to be forming near the $0.1120 zone. A clear move above the $0.1120 resistance could open the gates for a rally towards the $0.120 level.<\/p>\n<h2>More Losses in DOGE?<\/h2>\n<p>If DOGE price fails to gain pace above the $0.0915 level, it could continue to move down. An initial support on the downside is near the $0.0865 level.<\/p>\n<p>The next major support is near the $0.080 level. It is near the 76.4% Fib retracement level of the upward move from the $0.0713 swing low to $0.1117 high. If there is a downside break below the $0.0800 support, the price could decline further. In the stated case, the price might decline towards the $0.0720 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now in the oversold zone.<\/p>\n<p>Major Support Levels \u2013 $0.0865, $0.0800 and $0.0720.<\/p>\n<p>Major Resistance Levels \u2013 $0.0915, $0.1000 and $0.1120.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiO2h0dHBzOi8vbmV3c2J0Yy5jb20vYW5hbHlzaXMvZG9nZWNvaW4tcHJpY2UtcGx1bmdlcy0wLTA4NjUv0gE_aHR0cHM6Ly9uZXdzYnRjLmNvbS9hbmFseXNpcy9kb2dlY29pbi1wcmljZS1wbHVuZ2VzLTAtMDg2NS9hbXAv?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin reacted to the downside from the $0.1120 resistance against the US Dollar. DOGE must stay above the $0.080 support to start a fresh increase. DOGE started a fresh decline from the $0.1120 resistance against the US dollar. The price is trading below the $0.0950 zone and the 100 simple moving average (4-hours). There was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[453,238,291,85,971,195,232],"class_list":["post-37878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-buy","tag-dips","tag-doge","tag-dogecoin","tag-plunges","tag-price","tag-time"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/shutterstock_158505446.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37878"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37878\/revisions"}],"predecessor-version":[{"id":37880,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/37878\/revisions\/37880"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/37879"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37878"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}