Dogecoin started a new increase above $ 0.20 zone against the US dollar. Doge consolidates now and can strive for a movement above $ 0.2120.
- DOGE -Price started a new increase above the levels of $ 0.1880 and $ 0.20.
- The price acts above the level of $ 0.20 and the 100-hour simple advancing average.
- There is a bullish trend line that forms with support for $ 0.2060 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new rally if it knew the resistance levels of $ 0.2120 and $ 0.2180.
Dogecoin Price Looking more profit
Dogecoin price started a new increase compared to the $ 0.1880 zone, such as Bitcoin and Ethereum. Doge could climb above the resistance levels of $ 0.1950 and $ 0.200.
The bulls even pushed the price above the $ 0.2120 resistance. Finally, the price near the resistance of $ 0.2220 was traded. A high was formed at $ 0.2205 and the price now corrects profits. There was a movement below the 23.6% FIB racement level of the upward movement of the $ 0.1885 Swing low to $ 0.2205 High.
Dogecoin price is now being traded above the level of $ 0.2020 and the 100-hour simple advancing average. In addition, there is a bullish trend line that forms with support for $ 0.2060 on the hour table of the DOGE/USD pair.
Immediate resistance at the top is near the level of $ 0.2120. The first major resistance for the Bulls can be near the level of $ 0.2150. The next major resistance is near the level of $ 0.2220. A close by $ 0.2220 resistance can send the price to the $ 0.2320 resistance. More profits can send the price to the $ 0.250 level. The next big stop for the bulls can be $ 0.2650.
Disadvantage correction in Doge?
If the price of doge does not climb above the level of $ 0.2120, this can start a disadvantage correction. The first support on the disadvantage is near the level of $ 0.2060 or the trend line zone. The next major support is near the level of $ 0.2040 or the FIB racement level of 50% of the upward movement of the $ 0.1885 Swing Low to $ 0.2205 High.
The most important support is at $ 0.20. If there is a disadvantage under the support of $ 0.20, the price can fall further. In the indicated case, the price can fall to the level of $ 0.1950 or even $ 0.1880 in the short term.
Technical indicators
MACD per hour – The MACD for Doge/USD is now gaining strength in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for Doge/USD is now above 50 -level.
Important support levels – $ 0.2060 and $ 0.20.
Important resistance levels – $ 0.2120 and $ 0.2220.