Dogecoin extended its losses on Monday, dropping below $0.1120 and trading under the $0.11 mark against the US dollar. The cryptocurrency is now trading below the 100-hourly simple moving average, and a bearish trend line forming near $0.1085 on the hourly chart suggests sellers remain in control. The decline comes after DOGE failed to hold recent gains, with the pair hitting a low of $0.1058 on Kraken.
Fresh Decline Below Key Levels
The move lower pushed Dogecoin beneath the 23.6% Fibonacci retracement level of the drop from $0.1172 to $0.1058. That's a bearish signal, as the price hasn't been able to reclaim much ground. The low at $0.1058 marks a new short-term floor, but the recovery attempts have been weak.
Resistance and Support Levels to Watch
Immediate resistance sits at $0.1085, followed by the $0.110 area. A close above $0.1115 — which aligns with the 50% Fib retracement — could open the door for a move toward $0.1132 and then $0.1145. If that breaks, the next major stop might be $0.1720, though that's a long way off.
If Dogecoin can't push above $0.1085, the downside risks are real. Initial support lies near $0.1050, then $0.1020, with the main support zone at $0.10. A break below that psychological level could send the price tumbling toward $0.0880 or even $0.0820.
Technical Indicators Turn Bearish
The hourly MACD is gaining momentum in the bearish zone, and the hourly RSI sits below 50. Both readings suggest sellers have the upper hand for now. The next few sessions will likely test whether bulls can defend $0.10 or if the slide accelerates.
