Check out Dogecoin’s (DOGE) Potential Recovery After a Drastic Drop!

Jakarta, Pintu News – Dogecoin (DOGE) has recently experienced a sharp decline from the $0.1720 zone against the US Dollar. Currently, DOGE is consolidating losses and may recover if it manages to cross $0.1580.

Dogecoin Price Resistance

Dogecoin (DOGE) started a fresh decline after failing to break the $0.1720 zone, performing worse than Bitcoin (BTC) and Ethereum (ETH). DOGE dropped below the $0.1600 and $0.1580 levels. Sellers even pushed the price below the $0.1450 level.

The low was formed at $0.1427 and now the price is trying to recover. There was a slight move above the 23.6% Fib retracement level of the move down from $0.1718 to $0.1427. In addition, there was also a break above the bearish trend line with resistance at $0.1510 on the hourly chart of the DOGE/USD pair. Dogecoin price is currently trading below the $0.1580 level and the 100-hour simple moving average.

Also Read: Robert Kiyosaki Suggests Buying Bitcoin Before the Global Monetary Collapse

Main Resistance Faced

Immediate resistance on the upside is near the $0.1550 level. The first major resistance for the bulls may be near the $0.1580 level. This is close to the 50% Fib retracement level of the move down from $0.1718 to $0.1427.

The next big resistance is near the $0.1610 level. A close above the $0.1610 resistance might send the price towards $0.1720. Further gains might send the price towards the $0.200 level. The next big station for the bulls might be $0.2120.

Dogecoin’s Downside Potential

If the Dogecoin (DOGE) price fails to rise above the $0.1580 level, it could trigger another drop. Initial support on the downside is near the $0.1480 level. The next major support is near the $0.1440 level. The major support is at $0.1420. In case of a downward break of the $0.1420 support, the price could drop further. In that case, the price may drop towards the $0.1350 or even $0.1280 level in the near term.

Technical Indicators

The hourly MACD for DOGE/USD is currently losing momentum in the bearish zone. The hourly RSI (Relative Strength Index) for DOGE/USD is now above the 50 level. The key support levels are $0.1440 and $0.1420. The key resistance levels are $0.1580 and $0.1610.

Conclusion

Although Dogecoin (DOGE) is facing some serious challenges, there is a chance for recovery if it can break the existing resistance. Investors and traders should monitor the key levels mentioned to take informed trading decisions.

Also Read: Important Warning from Binance CZ: Beware of Hacker Attacks!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin (DOGE) Eyes Upside Break Above $0.1580. Accessed on June 24, 2025
• Featured Image: Coin Central