Over the past few days, Dogecoin has fallen sharply from the $0.1120 resistance zone. DOGE reacted to the downside below support at $0.1050 and $0.1000.
During the decline, on DOGE's 4-hour chart, it broke below the key bull trend line, with support near $0.102. shiba inu stocktwits are not easy either. The pair even broke the 50% move line that moved upward from a swinging low of $0.0713 to a high of $0.1117.
The price is now below $0.0950 area and 100 Simple Moving average (4 h). It is also showing some bearish signs below $0.0900, similar to bitcoin and Ethereum.
On the upside, prices face resistance near $0.0915. The first major resistance is around the $0.1000 level and the 100 Simple Moving average (4 h). Any further gains above the $0.1000 area could start a sharp move toward the $0.1080 area.
If DOGE fails to rise above $0.0915, it could continue to fall. Initial support to the downside is near $0.0865.
The next major support level is near $0.080. It approached the 76.4% move line that moved upward from the $0.0713 swing low to the $0.1117 high. If the $0.0800 support level is breached to the downside, prices could fall further. In that case, the price could fall to the $0.0720 level.