Dogecoin started a fresh decline below the $0.0920 zone against the US Dollar. 
DOGE is now consolidating losses and might face hurdles near $0.0920 and 
$0.0925. DOGE price started a fresh decline below the $0.0912 level. The price 
is trading below the $0.0905 level and the 100-hourly simple moving average. 
There is a bearish trend line forming with resistance at $0.0918 on the hourly 
chart of the DOGE/USD pair (data source from Kraken). The price could extend 
losses if it stays below $0.0920 and $0.0925. Dogecoin Price At Risk of Major 
Breakdown Dogecoin price started a fresh decline after it closed below 
$0.0920, like Bitcoin and Ethereum. DOGE declined below the $0.0912 and 
$0.0905 support levels. The price even traded below $0.090. A low was formed 
near $0.0899, and the price is now showing bearish signs. There was a recovery 
wave above $0.0900, but the price stayed below the 23.6% Fib retracement level 
of the downward move from the $0.0935 swing high to the $0.0899 low. Dogecoin 
price is now trading below the $0.0905 level and the 100-hourly simple moving 
average. If there is a recovery wave, immediate resistance on the upside is 
near the $0.0912 level. The first major resistance for the bulls could be near 
the $0.0918 level and the 50% Fib retracement level of the downward move from 
the $0.0935 swing high to the $0.0899 low. There is also a bearish trend line 
forming with resistance at $0.0918 on the hourly chart of the DOGE/USD pair. 
The next major resistance is near the $0.0925 level. A close above the $0.0925 
resistance might send the price toward the $0.0950 resistance. Any more gains 
might send the price toward the $0.0980 level. The next major stop for the 
bulls might be $0.10. More Losses In DOGE? If DOGE’s price fails to climb 
above the $0.0918 level, it could continue to move down. Initial support on 
the downside is near the $0.090 level. The next major support is near the 
$0.0880 level. The main support sits at $0.0850. If there is a downside break 
below the $0.0850 support, the price could decline further. In the stated 
case, the price might slide toward the $0.0800 level or even $0.0750 in the 
near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now 
gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – 
The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.0900 
and $0.0880. Major Resistance Levels – $0.0918 and $0.0925.

Dogecoin (DOGE) Under Threat, Downside Thrust Could Trigger Selloff

Litecoin is showing signs of a potential breakout, as its current price 
structure suggests the formation of an ending diagonal, a pattern often 
observed near the end of a correction. With the market nearing a critical 
level, a confirmed move above resistance could signal the start of a new 
bullish phase. LTC Forms Potential Reversal Structure On 4H Chart Providing an 
updated outlook for Litecoin (LTC) on the 4-hour timeframe, Elliott Waves 
Academy noted that recent price action is starting to exhibit signs of a 
potential reversal. The current structure suggests that the market may be 
transitioning out of a prolonged corrective phase, with momentum gradually 
shifting as the pattern matures. Related Reading: Can Litecoin Price Bounce To 
$285? This Trend Maps Out 5 Major Levels According to the analysis, LTC 
appears to be forming an ending diagonal pattern, representing wave (C) within 
a broader flat correction. This type of formation typically appears in the 
final stages of a correction, suggesting that the overall corrective move may 
be nearing completion. A decisive move higher will be key in confirming this 
outlook. If price manages to break above a critical resistance level and push 
through the upper boundary of the diagonal structure, it would significantly 
strengthen the bullish case. Such a breakout could trigger the beginning of a 
new impulsive wave, potentially driving Litecoin toward a new high, with 
projected targets aligning around the 100% extension of the previous wave’s 
length. However, the strength and sustainability of this potential rally will 
depend on broader market conditions and the level of buying momentum that 
follows the breakout. Continued demand and strong follow-through will be 
essential to validate the bullish scenario, while any failure to maintain 
upward pressure could delay or weaken the anticipated move. Factors Supporting 
This Scenario The analyst went on to highlight several key factors supporting 
this outlook, starting with the development of a diagonal structure identified 
as wave (C) within a broader wave X. This placement within the larger 
corrective framework suggests that the market is likely approaching the final 
phase of its correction, where exhaustion typically begins to set in. Related 
Reading: Litecoin Closes Bullish — $57 Break Could Ignite Next Leg Up Another 
important factor is the presence of a well-defined reversal pattern forming 
near the lower boundary of the structure. Price action in this region shows 
signs of stabilization, indicating that momentum is shifting and selling 
pressure may be weakening. The analyst also emphasized that the overall 
behavior of the current corrective structure aligns with the expected 
completion of a diagonal pattern. The way price is unfolding, marked by 
overlapping waves and slowing momentum, fits the characteristics commonly seen 
in ending formations. Taken together, these signals strengthen the case that 
the correction may soon conclude, potentially opening the door for a bullish 
reversal. Featured image from Adobe Stock, chart from Tradingview.com

Litecoin Eyes Breakout: Ending Diagonal Hints At New Highs Ahead

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