Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»DOGE hits resistance at $0.1055; bears target $0.0890
EXCHANGE NEWS

DOGE hits resistance at $0.1055; bears target $0.0890

By Crypto FlexsSeptember 12, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DOGE hits resistance at alt=
Share
Facebook Twitter LinkedIn Pinterest Email

Dogecoin (DOGE), the dog-themed meme coin, has found solid resistance at the $0.1055 level, with bears eyeing a potential retest of the $0.0890 support level. As seen on the daily chart, this threshold is a key area of ​​interest for traders as it has fueled the bullish momentum that has recently driven DOGE to current levels. The question remains, will the bears achieve their goal?

DOGE price movement

The DOGE token has been very volatile over the past month, with the price hitting a low of $0.08979 before breaking above the $0.095 support level. This sentiment is also reflected on the daily chart, showing what could be described as a tug-of-war between bulls and bears.

DOGE/USD 1-day chart (Source: CoinMarketCap)
DOGE/USD 1-day chart (Source: CoinMarketCap)

At the time of writing, Dogecoin is trading at $0.1015, up 1.52% from its previous day’s price and down 5.87% from the previous month. Following this decline, the meme coin’s market cap plummeted to $14,813,560,309, putting it in 8th place on the market cap rankings.

Moreover, the 24-hour volume also showed a similar picture, falling by more than 2.63% to reach a limit of $533,702,505. This suggests that investor sentiment towards DOGE could potentially change as the cryptocurrency faces more selling pressure.

Bears are targeting $0.0890 support.

According to the TradingView chart of DOGE, this meme coin is swinging in a range limited by the trend line, forming a symmetrical triangle. Typically, this pattern is formed when there is a series of lower highs and higher lows, and there is a misconception about a bullish trend due to the leveling of buyers and sellers in the market.

This pattern also signals a possible short-term breakout, either up or down. Assuming that the bearish sentiment continues in the short term, more sellers are likely to jump in as the price approaches the previous high of $0.0948, also the 23.6% Fibonacci 3 level.

DOGE/USD 1-day chart (Source: TradingView)DOGE/USD 1-day chart (Source: TradingView)
DOGE/USD 1-day chart (Source: TradingView)

The success of this event could indicate a solid bearish momentum, which could lead to a further decline to the $0.09 support level. However, if buyers remain stable above the 50% Fibonacci level at $0.1016, the value of Dogecoin could reverse and start an uptrend.

This scenario could lead to a breakout at the $0.1055 psychological barrier to test the $0.1096 resistance level. The Chaikin Money Flow Index further supports this sentiment. At 0.08, it indicates inflows into Dogecoin, which could potentially contribute to a bullish move in the short term.

Also Read: Spot Bitcoin ETFs See $117 Million in Flows Ahead of Fed’s Crucial Call

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025
Most Popular

Monochrome Launches First Spot Bitcoin ETF in Australia

April 5, 2024

Fidelity’s Spot Ether ETF appears under the FETH ticker on DTCC.

May 30, 2024

Cryptocurrency hackers and rug pullers stole $71,021,500 in November, with the BNB chain emerging as the top target.

November 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.