Dogecoin is likely to continue falling, with ultimate support at $0.1240.
$DOGE is likely to continue to decline! If it cannot break through the key resistance at $0.1465, the downtrend will be hard to stop:
First support: $0.1370 (near the previous low), there may be a brief support in the short term;
Second support: $0.1350, once broken, the risk will further escalate;
Ultimate support: $0.1330, this is the last "lifeline" in the short term! If this support is lost, it may directly slide to $0.1250 in the short term, or even drop to $0.1240, with a very severe decline.
Technical indicators: Bearish frenzy, bulls have no strength to resist
Current technical indicators completely show a "bearish dominance" pattern:
Hourly MACD: has long been in the bearish zone and continues to gain strength, with no signs of stopping the decline;
Hourly RSI: directly breaks below the 50 level, and bulls have lost even the strength to resist.
Summary of key points
Major support levels: $0.1350, $0.1250 (ultimate target $0.1240);
Major resistance levels: $0.1420, $0.1465.