Dogecoin started a new increase of the $ 0.1500 zone against the US dollar. Doge consolidates and can strive for an upward break above the resistance of $ 0.1650.
- DOGE -Price started a considerable upward movement above the level of $ 0.1550.
- The price is traded above the level of $ 0.1580 and the 100-hour simple advancing average.
- There is a bullish trend line in the short term that forms with support at $ 0.1590 on the hour table of the DOGE/USD pair (Data Source of Kraken).
- The price could start a new increase if it knew the $ 0.1650 resistance zone.
Dogecoin price turns red
Dogecoin price started a new decrease after it was not possible to erase $ 0.1640, in contrast to Bitcoin and like Ethereum. Doge fell under the support levels of $ 0.1620 and $ 0.1600.
The bears could push the price below the support level of $ 0.1565. It was even traded in the vicinity of $ 0.1550. A low point was formed at $ 0.1558 and the price recently corrected some losses. There was a small movement above the 50% FIB racement level of the downward movement of the $ 0.1635 Swing high to $ 0.1558 low.
Dogecoin price is now being traded above the level of $ 0.1580 and the 100-hour simple advancing average. By the way, there is a bullish trend line in the short term that forms with support for $ 0.1590 on the hour table of the Doge/USD couple.
Immediate resistance at the top is near the level of $ 0.1620 and the 76.4% FIB retracement level of the downward movement of the $ 0.1635 Swing High to $ 0.1558 Low. The first major resistance for the Bulls can be near the level of $ 0.1640.
The next major resistance is near the level of $ 0.1650. A close -up resistance of $ 0.1650 can send the price to the $ 0.1720 resistance. More profits can send the price to the $ 0.1780 level. The next big stop for the bulls can be $ 0.1800.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.1620, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.1590. The next major support is near the level of $ 0.1565.
The most important support is at $ 0.1550. If there is a narrow break under the support of $ 0.1550, the price can fall further. In the indicated case, the price can fall to the level of $ 0.1500 or even $ 0.1450 in the short term.
Technical indicators
MACD per hour – The MACD for Doge/USD is now gaining strength in the bullish zone.
Picly RSI (Relative strength -Index) -The RSI for Doge/USD is now above 50 -level.
Important support levels – $ 0.1590 and $ 0.1550.
Important resistance levels – $ 0.1620 and $ 0.1640.