Dogecoin started a new fall below $ 0.220 zone against the US dollar. Doge consolidates now and can continue to dive under $ 0.2050.
- DOGE -Price started a new fall below the level of $ 0.220.
- The price acts below the level of $ 0.2150 and the 100-hour simple advancing average.
- There is a bearish trend line that forms with resistance at $ 0.2160 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 $ 0.20 zone.
Dogecoin price is falling again
Dogecoin price started a new decrease after there was an end under $ 0.2320, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.220 and $ 0.2150.
The price was even traded under $ 0.210. A low point was formed at $ 0.2059 and the price is now consolidating losses. There was a small recovery golf, but the price is still below the 23.6% FIB retracement level of the recent decrease of $ 0.2672 Swing high to $ 0.2059 low.
Dogecoin price is now being traded below the level of $ 0.2150 and the 100-hour simple advancing average. If there is a recovery wave, the immediate resistance at the top is near the level of $ 0.2160. There is also a bearish trend line that forms with resistance at $ 0.2160 on the hour table of the DOGE/USD pair.
The first major resistance for the bulls can be near the level of $ 0.2280. The next major resistance is near the level of $ 0.2365. It is close to the 50% FIB racement level of the recent decrease of $ 0.2672 Swing high to $ 0.2059 Low.
A nearby $ 0.2365 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 $ 0.2160, it can continue to move. The first support on the disadvantage is near the level of $ 0.2060. The next major support is near the level of $ 0.2020.
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 case mentioned, the price can slide to the level of $ 0.1880 or even $ 0.1820 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 – $ 0.2000 and $ 0.1880.
Important resistance levels – $ 0.2160 and $ 0.2280.