Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Dogecoin (DOGE) Trims Gains, Can This Key Support Hold Losses?

Source Newsbtc

Dogecoin started a fresh decline from the $0.1085 resistance against the US Dollar. DOGE is struggling and might soon test the $0.0980 support.

DOGE price is gaining bearish momentum below $0.1035.
The price is trading below the $0.1020 level and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair (data source from Kraken).
The price could extend losses and revisit the key support at $0.0980.

Dogecoin Price Extends Losses

After a steady increase, Dogecoin price faced sellers near the $0.1085 level. The price formed a short-term top and started another decline below the $0.1050 level like Bitcoin and Ethereum.

There was a move below the $0.1035 support zone. The price dipped below the 50% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high. There is also a key bearish trend line forming with resistance at $0.1050 on the hourly chart of the DOGE/USD pair.

Dogecoin price is now trading below the $0.1035 level and the 100-hourly simple moving average. It is also testing the 76.4% Fib retracement level of the upward move from the $0.0978 swing low to the $0.1084 high.

Immediate resistance on the upside is near the $0.1032 level. The next major resistance is near the $0.1045 level. A close above the $0.1045 resistance might send the price toward the $0.1050 resistance. Any more gains might send the price toward the $0.1085 level. The next major stop for the bulls might be $0.1120.

More Downsides In DOGE?

If DOGE’s price fails to climb above the $0.1035 level, it could start another decline. Initial support on the downside is near the $0.1000 level. The next major support is near the $0.0980 level.

The main support sits at $0.0918. If there is a downside break below the $0.0918 support, the price could decline further. In the stated case, the price might decline toward the $0.0880 level or even $0.0850 in the near term.

Technical Indicators

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

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

Major Support Levels – $0.0980 and $0.0918.

Major Resistance Levels – $0.1035 and $0.1050.

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

Recommended Articles

Gold Price Forecast: XAU/USD recovers some lost ground above $2,050, US ADP report eyed Gold price (XAU/USD) bounces off the multi-day lows near $2030 per ounce and hovers around $2,042 during the early Asian session on Thursday.

Author FXStreet

Jan 04, 2024

Gold price (XAU/USD) bounces off the multi-day lows near $2030 per ounce and hovers around $2,042 during the early Asian session on Thursday.

Gold prices rise to over one-month high on softer dollar, bond yields Gold prices climbed on Tuesday to their highest point in more than a month, supported by a weaker U.S. dollar and lower Treasury yields.

Author Reuters

Jul 22, 2025

Gold prices climbed on Tuesday to their highest point in more than a month, supported by a weaker U.S. dollar and lower Treasury yields.

Gold holds steady below $4,150 amid elevated US yields Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.

Author FXStreet

Oct 06, Tue

Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.

WTI rises to near $89.50 as Middle East supply threats offset Persian Gulf recovery West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.

Author FXStreet

Oct 07, Wed

West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.

Gold falls to a two-month low as real yields bite — can $4,000 hold?Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday, its highest since 2002. Here are the levels, the institutional split, and the scenarios into tonight's jobless claims and 30-year auction.

Author Irene Q.

18 hours ago

Gold hit a two-month low on 7 October, with spot touching roughly $4,090 and COMEX December futures closing at $4,140.70, even as the New York Fed's one-year inflation expectation rose to 3.9% — its highest since May 2023. The paradox resolves through real yields: the 30-year Treasury yield reached 5.732% intraday, its highest since 2002. Here are the levels, the institutional split, and the scenarios into tonight's jobless claims and 30-year auction.

Popular Symbols