Dogecoin revisits the $0.30 support zone, consolidating as it tries to clear the $0.3165 resistance against the US Dollar. Trading below $0.320 and the 100-hourly SMA, it indicates a potential gain if it surpasses $0.3165 and $0.320 resistance levels.
A decline pushed DOGE below $0.3250, reaching a low of $0.3081 before recovering to $0.3150. The current resistance lies near $0.3165 on the DOGE/USD hourly chart, with major resistance at $0.3250 and beyond $0.3295, the price may target $0.350 and $0.3680.
If DOGE fails to rise above $0.3165, a decline is likely. Major supports are at $0.3120, $0.3080, and crucially at $0.30. A downside break under $0.300 might drive prices down to $0.2850 or $0.2620.
Technical wise, the Hourly MACD is losing momentum in the bearish zone, and the RSI is below 50, indicating bearish sentiment.
