DOGE Price Danger Zone: What Happens Next?
The post DOGE Price Danger Zone: What Happens Next? appeared on BitcoinEthereumNews.com.
Dogecoin (DOGE) is back under the microscope as it battles to stay above critical support. With both daily and hourly charts flashing caution, traders are asking—is DOGE about to crash further, or are we near a reversal zone? Let’s break it down. What’s Really Going On With Dogecoin Price Right Now? At the time of writing, DOGE price is hovering around $0.153, after dipping nearly 2% in the last 24 hours. This isn’t just a minor pullback—it’s part of a multi-week downtrend that has pushed Dogecoin into a compression zone, visible clearly on both the daily and hourly timeframes. DOGE/USD Daily Chart- TradingView On the daily chart, DOGE price is trading below all major moving averages—20, 50, 100, and 200 SMA—forming a full bearish alignment. The 200-day SMA, sitting way above at ~$0.26, highlights how far bulls have slipped since February. Volume is thinning and the Accumulation/Distribution Line (ADL) has stagnated, suggesting money isn’t flowing in. Zooming into the hourly chart, the situation doesn’t look much better. DOGE price is repeatedly getting rejected from the 20-hour and 50-hour moving averages, with no convincing bounce. This suggests short-term selling pressure is dominating, and bullish momentum is yet to build. What Are The Charts Really Telling Us? Daily Chart Breakdown Trend: Strong downtrend, no higher highs. MA Analysis: Price below all SMAs; classic bearish setup. Volume/ADL: ADL flatlining, meaning weak accumulation. Support: Current price sits just above $0.150—a psychological and historical support. Resistance: $0.162 (20-day SMA) and $0.176 (50-day SMA). Unless DOGE reclaims the 20-day SMA, any rally is likely to be short-lived. A close below $0.150 could expose $0.138 or even $0.125 in the coming weeks. DOGE/USD 1 Hr Chart- TradingView Hourly Chart Signals Short-Term Trend: Lower highs, lower lows. Weak bounce attempts. MA Ribbon Compression: The SMA ribbon is tightly…
Filed under: News - @ April 16, 2025 9:24 am