Dogecoin started a new fall below $ 0.2550 zone against the US dollar. Doge consolidates now and can continue to dive if it remains below $ 0.260.
- DOGE -Price started a new decrease below the level of $ 0.2550.
- The price acts below the level of $ 0.2550 and the 100-hour simple advancing average.
- There is a bearish trend line that forms with resistance at $ 0.250 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a decent wave if it remains above the $ 0.2250 zone.
Dogecoin price is falling further
Dogecoin price started a new decrease after there was an end under $ 0.2620, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.2550 and $ 0.250.
The price was even traded under $ 0.240. A low point was formed at $ 0.2303 and the price is now the losses of losses below the 23.6% FIB retracement level of the recent decrease of $ 0.2888 Swing high to $ 0.2303 Low. In addition, there is a bearish trend line that forms with resistance at $ 0.250 on the hour table of the DOGE/USD pair.
Dogecoin price is now being traded below the level of $ 0.2450 and the 100-Urly simple advancing average. If there is a recovery wave, the immediate resistance is near the level of $ 0.2440.
The first major resistance for the bulls can be near the level of $ 0.250 and the trend line. The next major resistance is near the level of $ 0.260. It is close to the 50% FIB racement level of the recent decrease of $ 0.2888 Swing high to $ 0.2303 low. A nearby $ 0.260 resistance can send the price to the $ 0.280 resistance. More profits can send the price to the $ 0.2880 level. The next big stop for the bulls can be $ 0.30.
Another drop in Doge?
If the price of doge does not climb above the level of $ 0.250, it can continue to move. The first support on the disadvantage is near the level of $ 0.2350. The next major support is near the level of $ 0.230.
The most important support is at $ 0.2250. If there is a narrow break under the support of $ 0.2250, the price can fall further. In the indicated case, the price can slide to the level of $ 0.2120 or even $ 0.2050 in the nearby 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 below the 50 -level level.
Important support levels – $ 0.2350 and $ 0.2300.
Important resistance levels – $ 0.2500 and $ 0.2600.