Kraken Traders Monitor DOGE’s Critical Support Test Amid Broad Market Pressure

As of September 19, 2025, Dogecoin (DOGE) is experiencing significant bearish momentum, with its price action testing crucial support levels that could determine its near-term trajectory. The cryptocurrency recently breached the $0.2320 support level, aligning with broader market weakness observed in major digital assets including Bitcoin and Ethereum. Currently trading below both the psychologically important $0.2150 threshold and the 100-hour moving average, DOGE displays concerning technical indicators that suggest potential further downside. Market participants on Kraken and other exchanges are closely watching the $0.20 level, which represents the next major support zone that bears are targeting. The emergence of a bearish trend pattern adds to the selling pressure, reflecting the current cautious sentiment across cryptocurrency markets. This technical breakdown comes amid a period of increased volatility and highlights the importance of key support levels in meme cryptocurrency trading strategies.

Dogecoin (DOGE) Faces Bearish Pressure as Price Tests Key Support Levels

Dogecoin's price trajectory turned downward after breaching the $0.2320 support level, mirroring broader market trends seen in Bitcoin and Ethereum. The meme cryptocurrency now hovers near critical thresholds, with bears targeting a breakdown below $0.20.

Technical indicators reveal a concerning pattern—DOGE trades below both the $0.2150 psychological level and the 100-hour moving average. A bearish trend line has formed with resistance at $0.2160 on hourly charts, creating a potential ceiling for recovery attempts.

Market participants watch two key scenarios unfold: either a continuation of the downtrend toward $0.2050, or a reversal if bulls can reclaim $0.2280 resistance. The 50% Fibonacci retracement level NEAR $0.2365 marks the next significant hurdle for any sustained upward movement.

XRP Price Correction Deepens Amid Failed Rally Attempt

XRP's recovery momentum faltered sharply after rejection at the $3.12 resistance level, with the digital asset now trading below key psychological support at $3.00. The breakdown follows a failed attempt to sustain gains above $3.05 during Tuesday's trading session, mirroring broader weakness across major cryptocurrencies including bitcoin and Ethereum.

Technical indicators turned bearish after XRP/USD broke below an ascending channel on Kraken's hourly chart, with the pair subsequently testing support near $2.82. The current price sits below both the $2.95 level and the 100-hour moving average—a concerning development for bulls. Market participants are watching the $2.98 resistance level, which coincides with the 50% Fibonacci retracement of the recent decline.

Bitcoin Price Recovery Stalls Amid Key Resistance Test

Bitcoin's attempt to regain bullish momentum has faltered below the critical $113,500 threshold. The digital asset now faces stiff resistance near $113,000, with technical indicators suggesting continued bearish pressure in the short term.

The BTC/USD pair breached multiple support levels, including $111,400 and $110,500, before finding temporary footing at $108,734. A modest recovery pushed prices back above $111,200, but the 100-hour moving average continues to cap upside potential. Market technicians note a developing bearish trend line at $111,550 on Kraken's hourly chart, creating additional headwinds for bulls.

For any meaningful recovery, Bitcoin must first conquer the $112,500 resistance zone. A successful breakout could target the 50% Fibonacci retracement level near $113,000, drawn from the recent swing high of $117,354 to the $110,692 low. Until then, the market remains in a precarious position, balancing between technical support and macroeconomic uncertainties.