{"id":4602,"date":"2025-05-05T18:13:12","date_gmt":"2025-05-05T18:13:12","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-turns-red-but-is-it-a-dip-worth-buying\/"},"modified":"2025-05-05T18:13:12","modified_gmt":"2025-05-05T18:13:12","slug":"dogecoin-doge-turns-red-but-is-it-a-dip-worth-buying","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/dogecoin-doge-turns-red-but-is-it-a-dip-worth-buying\/","title":{"rendered":"Dogecoin (DOGE) Turns Red\u2014But Is It a Dip Worth Buying?"},"content":{"rendered":"<p><em>Dogecoin started a fresh decline from the $0.1850 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1740.<\/em><\/p>\n<ul>\n<li>DOGE price failed to clear $0.1880 and corrected gains.<\/li>\n<li>The price is trading below the $0.1750 level and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n<li>The price could start a fresh increase if it clears the $0.1780 resistance zone.<\/li>\n<\/ul>\n<h2>Dogecoin Price Dips Again<\/h2>\n<p>Dogecoin price started a fresh decline after it failed to clear the $0.1880 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1800 and $0.1750 support levels.<\/p>\n<p>Finally, it tested the $0.1680 zone. A low was formed at $0.1685 and the price is now attempting a recovery wave. It climbed above the $0.170 and toward the 23.6% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1685 low.<\/p>\n<p>Dogecoin price is now trading below the $0.1750 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.1720 level. There is also a key bearish trend line forming with resistance at $0.1725 on the hourly chart of the DOGE\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-744081\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Doegcoin-DOGE_848ba6.png?resize=1024%2C478\" alt=\"Dogecoin Price\" width=\"1024\" height=\"478\" \/><\/p>\n<p>The first major resistance for the bulls could be near the $0.1765 level and the 50% Fib retracement level of the downward move from the $0.1843 swing high to the $0.1685 low. The next major resistance is near the $0.1780 level. A close above the $0.1780 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.1880 level. The next major stop for the bulls might be $0.200.<\/p>\n<h2>Another Decline In DOGE?<\/h2>\n<p>If DOGE\u2019s price fails to climb above the $0.1740 level, it could start another decline. Initial support on the downside is near the $0.1685 level. The next major support is near the $0.1650 level.<\/p>\n<p>The main support sits at $0.1600. If there is a downside break below the $0.160 support, the price could decline further. In the stated case, the price might decline toward the $0.1550 level or even $0.1450 in the near term.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for DOGE\/USD is now losing 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 $0.1685 and $0.1650.<\/p>\n<p>Major Resistance Levels \u2013 $0.1740 and $0.1780.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin started a fresh decline from the $0.1850 zone against the US Dollar. DOGE is now correcting losses and might find face hurdles near $0.1740. DOGE price failed to clear $0.1880 and corrected gains. The price is trading below the $0.1750 level and the 100-hourly simple moving average. There is a key bearish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4603,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[454],"tags":[167,457,166,172,173,199],"class_list":["post-4602","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:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=4602"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/4603"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}