{"id":2462,"date":"2025-01-21T05:11:05","date_gmt":"2025-01-21T05:11:05","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/dogecoin-doge-dips-a-pause-before-the-next-meme-coin-rally\/"},"modified":"2025-01-21T05:11:05","modified_gmt":"2025-01-21T05:11:05","slug":"dogecoin-doge-dips-a-pause-before-the-next-meme-coin-rally","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/dogecoin-doge-dips-a-pause-before-the-next-meme-coin-rally\/","title":{"rendered":"Dogecoin (DOGE) Dips: A Pause Before The Next Meme-Coin Rally?"},"content":{"rendered":"<p><em>Dogecoin started a downside correction from the $0.4050 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it clears the $0.3680 resistance.<\/em><\/p>\n<ul>\n<li>DOGE price started a fresh decline below $0.4050 and $0.380.<\/li>\n<li>The price is trading below the $0.3750 level and the 100-hourly simple moving average.<\/li>\n<li>There is a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could start another increase if it clears the $0.3650 and $0.3680 resistance levels.<\/li>\n<\/ul>\n<h2>Dogecoin Price Dips To Support<\/h2>\n<p>Dogecoin price started a fresh decline from the $0.4050 resistance zone, unlike Bitcoin and Ethereum. DOGE dipped below the $0.400 and $0.380 support levels. It even spiked below $0.350.<\/p>\n<p>A low was formed at $0.3380 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. There is also a major bearish trend line forming with resistance at $0.3650 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p>Dogecoin price is now trading below the $0.3750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3650 level and the trend line.<\/p>\n<p>The first major resistance for the bulls could be near the $0.3680 level or the 61.8% Fib retracement level of the downward move from the $0.3860 swing high to the $0.3380 low. The next major resistance is near the $0.3750 level.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-679393\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/01\/Doegcoin-DOGE_07169a.png?resize=1024%2C478\" alt=\"Dogecoin Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>A close above the $0.3750 resistance might send the price toward the $0.3860 resistance. Any more gains might send the price toward the $0.40 level. The next major stop for the bulls might be $0.420.<\/p>\n<h2>Another Decline In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.3750 level, it could start another decline. Initial support on the downside is near the $0.340 level. The next major support is near the $0.3380 level.<\/p>\n<p>The main support sits at $0.3250. If there is a downside break below the $0.3250 support, the price could decline further. In the stated case, the price might decline toward the $0.3020 level or even $0.300 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 $0.3380 and $0.3250.<\/p>\n<p>Major Resistance Levels \u2013 $0.3650 and $0.3750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a downside correction from the $0.4050 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it clears the $0.3680 resistance. DOGE price started a fresh decline below $0.4050 and $0.380. The price is trading below the $0.3750 level and the 100-hourly simple moving average. There is&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[155],"tags":[133,156,132,157,135,158],"class_list":["post-2462","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:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=2462"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/2462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/2463"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=2462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=2462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=2462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}