Dogecoin started a new decline under the $ 0.2320 zone against the US dollar. Doge consolidates now and can continue to fall below $ 0.210.
- DOGE -Price started a new decrease below the level of $ 0.2250.
- The price acts below the level of $ 0.2250 and the 100-hour simple advancing average.
- There is a bearish trend line that forms with resistance at $ 0.220 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new upward movement if it remains above the $ 0.2080 zone.
Dogecoin price is falling further
Dogecoin price started a new decrease after there was an end under $ 0.240, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.2320 and $ 0.2250.
The price was even traded under $ 0.2120. A low point was formed at $ 0.2078 and the price is now losing consolidation. There was a small recovery wave above the 23.6% FIB retracement level of the recent decrease of the $ 0.2430 Swing high to $ 0.2078 low.
Dogecoin price is now being traded below the level of $ 0.2250 and the 100-Urly simple advancing average. If there is a recovery wave, there is immediate resistance at the top near the level of $ 0.220. There is also a bearish trend line that forms with resistance at $ 0.220 on the hour table of the DOGE/USD pair.
The first major resistance for the bulls can be near the level of $ 0.2250. It is close to the 50% FIB racement level of the recent decrease of $ 0.2430 Swing high to $ 0.2078 low.
The next major resistance is near the level of $ 0.2320. A nearby $ 0.2320 is close to the price of $ 0.2450. More profits can send the price to the $ 0.250 level. The next big stop for the bulls can be $ 0.2550.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.2250, it can continue to move. The first support on the disadvantage is near the level of $ 0.2120. The next major support is close to the level of $ 0.2080.
The most important support is at $ 0.2050. If there is a narrow break under the support of $ 0.2050, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.20 or even $ 0.1920 in the nearest 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 – $ 0.2120 and $ 0.2050.
Important resistance levels – $ 0.2250 and $ 0.2320.