Dogecoin started a new fall of the $ 0.2250 zone against the US dollar. Doge consolidates losing and can recover if it knew $ 0.20.
- DOGE -Price started a new decrease among the levels of $ 0.220 and $ 0.20.
- The price trades below the $ 0.20 level and the 100-hour simple advancing average.
- There is a connecting bullish trend line that forms with support at $ 0.1910 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price could start a new increase if it knew the $ 0.20 resistance zone.
Dogecoin price has support
Dogecoin price started a new decrease after it had not deleted the $ 0.2450 zone, in contrast to Bitcoin and Ethereum. Doge fell under the levels of $ 0.220 and $ 0.20.
The bears even pushed the price below the level of $ 0.1920. A low point was formed at $ 0.1855 and the price is now losing consolidation. There was a small increase above the 23.6% FIB racement level of the downward movement of the $ 0.2279 Swing high to the low $ 0.1855.
Dogecoin price is now being traded below the level of $ 0.20 and the 100-hour simple advancing average. There is also a connecting bullish trend line that forms with support for $ 0.1910 on the hour table of the DOGE/USD pair.
Immediate resistance at the top is near the level of $ 0.20. The first major resistance for the Bulls can be near the level of $ 0.2060. It is close to the 50% FIB racement level of the downward movement of the $ 0.2279 Swing high to $ 0.1855 low.
The next major resistance is near the level of $ 0.2120. A close -up resistance of $ 0.2120 can send the price to the $ 0.2250 resistance. More profits can send the price to the level of $ 0.2340. The next big stop for the bulls can be $ 0.250.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.20, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.1910 and the trend line. The next major support is near the level of $ 0.1850.
The most important support is at $ 0.1720. If there is a narrow break under the support of $ 0.1720, the price can fall further. In the indicated case, the price can fall to the level of $ 0.1650 or even $ 0.1550 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 – $ 0.1910 and $ 0.1855.
Important resistance levels – $ 0.2000 and $ 0.2060.