Dogecoin (DOGE) Rebound Looks Fragile With Multiple Hurdles Ahead

2026-01-21 08:20:22

Source: CryptoNewsNet Original Title: Dogecoin (DOGE) Rebound Looks Fragile With Multiple Hurdles Ahead Original Link: https://cryptonews.net/news/analytics/32309814/

Dogecoin Price Dives Below Support

Dogecoin price started a fresh decline after it closed below $0.1320, like Bitcoin and Ethereum. DOGE declined below the $0.1280 and $0.1220 support levels.

The price even traded below $0.1180. A low was formed near $0.1155, and the price is now showing bearish signs. There was a recovery wave above $0.120. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1155 low.

Dogecoin price is now trading below the $0.1280 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1280 level.

The first major resistance for the bulls could be near the $0.130 level and the trend line. The next major resistance is near the $0.1330 level or the 50% Fib retracement level of the downward move from the $0.1512 swing high to the $0.1155 low.

A close above the $0.1330 resistance might send the price toward the $0.1375 resistance. Any more gains might send the price toward the $0.140 level. The next major stop for the bulls might be $0.1420.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.1300 level, it could continue to move down. Initial support on the downside is near the $0.1215 level. The next major support is near the $0.120 level.

The main support sits at $0.1150. If there is a downside break below the $0.1150 support, the price could decline further. In the stated case, the price might slide toward the $0.1120 level or even $0.1050 in the near term.

Technical Indicators

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

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

Major Support Levels – $0.1215 and $0.1200.

Major Resistance Levels – $0.1300 and $0.1330.

DOGE0,62%

BTC-0,75%

ETH-1,17%

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