Dogecoin started a new fall of the $ 0.180 zone against the US dollar. Doge consolidates and may have trouble recovering above $ 0.1680.
- DOGE -Price started a new decrease under the levels of $ 0.1750 and $ 0.170.
- The price acts below the level of $ 0.1680 and the 100-hour simple advancing average.
- There was a break under an important bullish trend line that formed with support at $ 0.170 on the hour table of the Doge/USD pair (data source of Kraken).
- The price can increase if it breaks the $ 0.1550 support zone.
Dogecoin price is falling again
Dogecoin price started a new decrease after it was unable to erase $ 0.180, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.1750 and $ 0.1720.
There was a break under an important bullish trend line that formed with support for $ 0.170 on the hour table of the Doge/USD pair. The bears could push the price below the support level of $ 0.1620. It was even traded in the vicinity of $ 0.1550.
A low point was formed at $ 0.1555 and the price is now the losses in consolidation. There was a small movement above the 23.6% FIB retracement level of the downward movement of the $ 0.180 Swing high to the low $ 0.1555.
Dogecoin price is now being traded below the level of $ 0.170 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.1650. The first major resistance for the bulls can be near the level of $ 0.1680. It is close to the 50% FIB racement level of the downward movement of the $ 0.180 Swing high to $ 0.1555 low.
The next major resistance is near the level of $ 0.1740. A close -up resistance of $ 0.1740 can send the price to the $ 0.180 resistance. More profits can send the price to the $ 0.1880 level. The next big stop for the bulls can be $ 0.1950.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.170, this can start a new decline. The first support on the disadvantage is near the level of $ 0.160. The next major support is close to the level of $ 0.1550.
The most important support is at $ 0.150. If there is a narrow break under the support of $ 0.150, 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 loses momentum in the bearish zone.
Picly RSI (Relative strength -Index) -The RSI for Doge/USD is now above 50 -level.
Important support levels – $ 0.1600 and $ 0.1550.
Important resistance levels – $ 0.1680 and $ 0.1740.