Dogecoin took a sharp turn lower Tuesday, skidding below $0.1050 and hitting a low near $0.1025 on Kraken. The drop comes as selling pressure intensifies across the crypto market, with Bitcoin and Ethereum both posting losses. DOGE is now trading below both the $0.1075 mark and its 100-hourly simple moving average — a bearish setup that technicians say could lead to further declines.
Price breaks below $0.1050 support
The move began after Dogecoin failed to hold the $0.1080 level, a support that had held for several days. Once that gave way, the selloff accelerated through the $0.1050 floor, briefly touching the $0.1025 zone before a slight bounce. On the hourly chart, a bearish trend line has formed with resistance at $0.1075, capping any immediate recovery attempts.
MACD and RSI show bearish momentum
The hourly MACD for the DOGE/USD pair is gaining momentum in bearish territory, while the Relative Strength Index sits below the 50 level — both signals that sellers remain in control. The RSI reading in particular suggests there's room for further downside before the asset becomes oversold.
Support at $0.0965 is the line in the sand
Immediate support sits at $0.1020, but the next major floor is the $0.10 psychological level. If that fails, the next stop is $0.0965. A break below that could open the door to $0.0920 or even $0.090 in short order. Bulls have little to cheer about unless DOGE can reclaim $0.110 — a close above that resistance would target $0.1120, then $0.1190, and eventually $0.120.
What would need to happen for a recovery
The path of least resistance is still down, but a recovery isn't impossible. A decisive move above the trend line at $0.1075 and a push through the 100-hourly SMA would be the first signs of strength. The broader market mood — particularly Bitcoin's direction — will likely determine whether Dogecoin can stage a meaningful bounce or continue its slide.
