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Dogecoin (DOGE) Weak Rebound Attempts, Signaling Struggle to Mount Recovery

Source Newsbtc

Dogecoin started a fresh decline below the $0.180 zone against the US Dollar. DOGE is now correcting some losses and might face hurdles near $0.1650.

DOGE price started a fresh decline below the $0.180 level.
The price is trading below the $0.170 level and the 100-hourly simple moving average.
There is a bearish trend line forming with resistance at $0.1650 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses if it stays below $0.1650 and $0.170.

Dogecoin Price Attempts Recovery

Dogecoin price started a fresh decline after it closed below $0.20, like Bitcoin and Ethereum. DOGE declined below the $0.180 and $0.1720 support levels.

The price even traded below $0.1650. A low was formed near $0.1535, and the price recently attempted a recovery wave. There was a move above the 23.6% Fib retracement level of the downward move from the $0.1776 swing high to the $0.1535 low.

However, the bears were active near the $0.1620 resistance. Besides, there is a bearish trend line forming with resistance at $0.1650 on the hourly chart of the DOGE/USD pair. It is close to the 50% Fib retracement level of the downward move from the $0.1776 swing high to the $0.1535 low.

Dogecoin price is now trading below the $0.1620 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1640 level. The first major resistance for the bulls could be near the $0.1650 level.

The next major resistance is near the $0.170 level. A close above the $0.170 resistance might send the price toward the $0.180 resistance. Any more gains might send the price toward the $0.1840 level. The next major stop for the bulls might be $0.20.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1650 level, it could continue to move down. Initial support on the downside is near the $0.1550 level. The next major support is near the $0.150 level.

The main support sits at $0.1380. If there is a downside break below the $0.1380 support, the price could decline further. In the stated case, the price might slide toward the $0.120 level or even $0.1050 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1550 and $0.1380.

Major Resistance Levels – $0.1650 and $0.1700.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.

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