Dogecoin started a new fall in the $ 0.250 zone against the US dollar. Doge consolidates now and can decrease under the support of $ 0.2220.
- DOGE -Price started a new decrease below the level of $ 0.2350.
- The price acts below the level of $ 0.2320 and the 100-hour simple advancing average.
- There is a bearish trend line that forms with resistance to $ 0.2280 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new upward movement if it knew the resistance levels of $ 0.2280 and $ 0.2350.
Dogecoin Price Eyes Recovery Golf
Dogecoin price started a new decrease in the $ 0.250 resistance zone, which underperformed Bitcoin and Ethereum. Doge fell under the support levels of $ 0.2350 and $ 0.2320.
The decline was pace below the level of $ 0.2300. A low point was formed at $ 0.2225 and the price is now losing consolidation. There is also a bearish trend line that forms with resistance at $ 0.2280 on the hour table of the DOGE/USD pair.
Dogecoin price is now being traded below the level of $ 0.2320 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.2280 and the 23.6% FIB retracement level of the downward movement of the $ 0.2486 Swing high to $ 0.2225 low.
The first major resistance for the bulls could be near the $ 0.2350 level or the 50% FIB retracement level of the downward movement of the $ 0.2486 Swing high to $ 0.2225 low. The next major resistance is near the level of $ 0.2420. A close -up resistance of $ 0.2420 can send the price to $ 0.250 resistance. More profits can send the price to the $ 0.2550 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 $ 0.2280, this could start a disadvantage correction. The first support on the disadvantage is near the level of $ 0.2220. The next major support is near the level of $ 0.2120.
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 $ 0.1980 or even $ 0.1920 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 – $ 0.2220 and $ 0.2120.
Important resistance levels – $ 0.2280 and $ 0.2350.