Dogecoin started a new fall below $ 0.250 zone against the US dollar. Doge consolidates now and can continue to dive under $ 0.2250.
- DOGE -Price started a new decrease below the level of $ 0.2420.
- The price acts below the level of $ 0.2320 and the 100-hour simple advancing average.
- There was a break under an important rising channel with support for $ 0.2295 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new upward movement if it remains above the $ 0.2165 zone.
Dogecoin price is falling again
Dogecoin price started a new increase above the $ 0.240 resistance zone, such as Bitcoin and Ethereum. Doge was even above $ 0.2420 before the bears appeared.
A high was formed at $ 0.2430 and the price started a new decrease. There was a movement under the levels of $ 0.240 and $ 0.2350. The price fell below the 50% FIB retracement level of the upward movement of the $ 0.2163 Swing low to $ 0.2430 high.
Moreover, there was a break under an important rising channel with support for $ 0.2295 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.
The bulls now protect the 76.4% FIB retraction level of the upward movement of the $ 0.2163 Swing Low to $ 0.2430 High. If there is a recovery wave, the immediate resistance is near the level of $ 0.2295. The first major resistance for the bulls can be near the level of $ 0.2320.
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 $ 0.2650 level. The next big stop for the bulls can be $ 0.2780.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.2320, it can continue to move. The first support on the disadvantage is near the level of $ 0.2220. The next major support is near the level of $ 0.2165.
The most important support is at $ 0.2150. If there is a narrow break under the support of $ 0.2150, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.2050 or even $ 0.2020 in the nearby 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 – $ 0.2165 and $ 0.2150.
Important resistance levels – $ 0.2320 and $ 0.2420.