Will DOGE hit $0.10 downside?

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

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Technical analysis

• $0.191 is key support, and the price is currently holding above it.
• DOGE has held up well compared to the rest of the market but was also bid off the back of the Crypto Reserve news.
• The price moved up 20% before fully retracing that move. DOGE has a key support at $0.191, which has held strong so far in recent context.
• We have resistance at around $0.24 which was marked off the back of the crypto reserve pump.
• RSI on the daily is just above oversold territory which may mean we can see a short-term bounce, particularly as the RSI sits above its moving average. A clear bull reversal would be a breakout of the RSI's downtrend line.
• If a breakdown happens, $0.14 is the next major level where liquidity is positioned.
• DOGE has already pulled back significantly, but further downside isn't off the table, especially if market-wide de-risking continues.

• Next Support: $0.18360
• Next Resistance: $0.2400
• Direction: Neutral
• Upside Target: $0.2400
• Downside Target: $0.1000

Curious about DOGE's next move? Our DOGE price prediction offers a deep dive into market trends!

Cryptonary's take

DOGE is in a different spot compared to most other assets, having already pulled back quite a bit. While $0.191 is holding for now, caution is needed, and this wouldn't be a level to bid. If market conditions worsen, $0.10 could come into play in the longer term and we have shorter-term support being $0.14, which price could roll over to after a little bounce to the upside. We'll monitor how this support holds up, but for now, the approach is to remain cautious.