Dogecoin started a new increase above the $ 0.1680 zone against the US dollar. Doge consolidates now and can strive for a movement above $ 0.1720.
- DOGE -Price started a new increase above the levels of $ 0.1650 and $ 0.1680.
- The price acts above the level of $ 0.1680 and the 100-hour simple advancing average.
- There is a bullish trend line that forms with support for $ 0.1680 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new rally if it knew the resistance levels of $ 0.1720 and $ 0.1750.
Dogecoin Price Looking more profit
Dogecoin price started a new increase compared to the $ 0.1650 zone, such as Bitcoin and Ethereum. Doge was able to climb above the resistance levels of $ 0.1665 and $ 0.1680.
The bulls even pushed the price above the $ 0.170 resistance. There was a steady increase and the price was even above the 50% FIB retracement level of the downward movement of the $ 0.1722 Swing high to the layer of $ 0.1657.
Dogecoin price is now being traded above the level of $ 0.1680 and the 100-hour simple advancing average. By the way, there is a bullish trend line that forms with support for $ 0.1680 on the hour table of the DOGE/USD pair.
Immediate resistance at the top is near the level of $ 0.1720. The first major resistance for the bulls could be near the $ 0.1730 level or the 61.8% FIB retracement level of the downward movement of the $ 0.1722 Swing high to $ 0.1657 low.
The next major resistance is near the level of $ 0.1750. A close -up resistance of $ 0.1750 can send the price to the $ 0.180 resistance. More profits can send the price to the level of $ 0.200. The next big stop for the bulls can be $ 0.2120.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.1750, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.1680 or the trend line zone. The next major support is near the level of $ 0.1650.
The most important support is at $ 0.1610. If there is a downward break under the support of $ 0.1610, the price can fall further. In the indicated case, the price can fall to the level of $ 0.1550 or even $ 0.1520 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 – $ 0.1680 and $ 0.1650.
Important resistance levels – $ 0.1720 and $ 0.1750.