{"id":10244,"date":"2025-01-29T10:01:44","date_gmt":"2025-01-29T10:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10244"},"modified":"2025-01-29T10:01:44","modified_gmt":"2025-01-29T10:01:44","slug":"doge-drops-below-uptrend-line-signaling-possible-end-to-five-month-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10244","title":{"rendered":"DOGE Drops Below Uptrend Line, Signaling Possible End to Five-Month Rally"},"content":{"rendered":"<div>\n<p>Dogecoin (<a href=\"https:\/\/www.coindesk.com\/price\/dogecoin\/\" target=\"_blank\">DOGE<\/a>), the largest memecoin by market cap, dropped below a short-term uptrend line on Monday, signaling an end to the recovery from December lows and potentially the conclusion of a five-month rally.<\/p>\n<p>Since then, prices have dropped below the 38.2% Fibonacci retracement level of the run that started in August and touching highs about 48 cents in December before dropping back. A golden rule of technical analysis says that for a market to maintain its current trend, it must hold above that level. If it fails to do so, the trend is said to have ended.<\/p>\n<p>The moving average convergence divergence (MACD) histogram is printing deeper bars below the zero line, another indication of strengthening bearish momentum. Five- and 10-day simple moving averages trend south, hinting at a bearish bias.<\/p>\n<p>Support is seen at around 26 cents, the low printed on Dec. 20 followed by 23.4 cents, which marks the 61.8% retracement of the August-December rally. DOGE would need to recover to the uptrend line from December lows to invalidate the bearish outlook.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/53354236a03a343440732e000a68b76614aaedc3-2390x976.png\" alt=\"\"><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin (DOGE), the largest memecoin by market cap, dropped below a short-term uptrend line on Monday, signaling an end to the recovery from December lows and potentially the conclusion of a five-month rally. Since then, prices have dropped below the 38.2% Fibonacci retracement level of the run that started in August and touching highs about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10244","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10244"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10244\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}