Dogecoin started a new increase above $ 0.160 zone against the US dollar. Doge consolidates now and can strive for a movement above $ 0.1680.
- DOGE -Price started a new increase above the levels of $ 0.1520 and $ 0.160.
- The price is traded above the level of $ 0.1620 and the 100-hour simple advancing average.
- There is an important bullish trend line that forms with support for $ 0.1650 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new decrease if it remains below $ 0.1680 zone.
Dogecoin Price Facies Resistance
Dogecoin price started a new increase above $ 0.1450 zone, such as Bitcoin and Ethereum. Doge was able to climb above the resistance levels of $ 0.1550 and $ 0.160.
The bulls even pushed the price above the $ 0.1650 resistance. A high was formed at $ 0.1699 and the price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 0.1572 Swing low to $ 0.1699 High.
Dogecoin price is now being traded above the level of $ 0.1650 and the 100-hour simple advancing average. There is also an important bullish trend line that forms with support for $ 0.1650 on the hour table of the Doge/USD pair.
Immediate resistance at the top is near the level of $ 0.1680. The first major resistance for the bulls can be near the level of $ 0.1720. The next major resistance is near the level of $ 0.1750. A close -up resistance of $ 0.1750 can send the price to the $ 0.180 resistance. More profits can send the price to the level of $ 0.200. The next big stop for the bulls can be $ 0.2120.
Another drop in Doge?
If the price of doge does not climb above the level of $ 0.1680, this can start a decrease. The first support on the disadvantage is near the level of $ 0.1660 or the trend line zone. The next major support is close to the level of $ 0.1620 and the 61.8% FIB retracement level of the upward movement of the $ 0.1572 Swing Low to $ 0.1699 High.
The most important support is at $ 0.160. If there is a narrow break under the support of $ 0.160, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.150 or even $ 0.1450 in the short term.
Technical indicators
Hourly MacD – The MACD for Doge/USD now loses momentum in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for Doge/USD is now above 50 -level.
Important support levels – $ 0.1650 and $ 0.1620.
Important resistance levels – $ 0.1680 and $ 0.1800.