Dogecoin started a new fall of the $ 0.1880 zone against the US dollar. Doge drops and can test the $ 0.150 support zone.
- DOGE -Price started a new decrease under the levels of $ 0.1850 and $ 0.1750.
- The price acts below the level of $ 0.1750 and the 100-hour simple advancing average.
- There is an important bearish trend line that forms with resistance at $ 0.170 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can increase if it breaks the $ 0.1620 support zone.
Dogecoin price is falling further
Dogecoin price started a new decrease after it was unable to erase $ 0.200, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.1880 and $ 0.1820.
The bears could push the price below the support level of $ 0.1750. It was even traded in the vicinity of $ 0.1620. A low point was formed at $ 0.1628 and the price is now losing losing below the 23.6% FIB retracement level of the downward movement of the $ 0.2057 Swing high to $ 0.1628 low.
Dogecoin price is now being traded below the level of $ 0.1750 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.170. There is also an important bearish trend line that forms with resistance at $ 0.170 on the hour table of the DOGE/USD pair.
The first major resistance for the Bulls can be near the level of $ 0.1730. The next major resistance is near the level of $ 0.1770. A nearby $ 0.1770 is close to the price of $ 0.1850.
The 50% FIB racement level of the downward movement of $ 0.2057 Swing High to $ 0.1628 Low is also near the $ 0.1850 zone. More profits can send the price to the $ 0.1880 level. The next big stop for the bulls can be $ 0.1950.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.1770, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.1635. The next major support is near the level of $ 0.1620.
The most important support is at $ 0.1550. If there is a narrow break under the support of $ 0.1550, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1320 or even $ 0.120 in the short term.
Technical indicators
MACD per hour – The MACD for Doge/USD now wins momentum in the Bearish zone.
Picly RSI (relative strength -index) -The RSI for Doge/USD is now below the 50 -level level.
Important support levels – $ 0.1620 and $ 0.1550.
Important resistance levels – $ 0.1720 and $ 0.1770.