Dogecoin started a new increase above $ 0.250 zone against the US dollar. Doge consolidates now and can strive for more profit above $ 0.270.
- DOGE -Price started a new upward movement above $ 0.250 and $ 0.2550.
- The price is traded above the level of $ 0.2550 and the 100-hour simple advancing average.
- There is a bullish trend line that forms with support for $ 0.2580 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can be aimed at more profit if it remains stable above $ 0.2550.
Dogecoin price turns green
Dogecoin price started a new increase after it was located above $ 0.2350, such as Bitcoin and Ethereum. Doge climbed above $ 0.250 resistance to enter a positive zone.
The bulls could push the price above $ 0.260 and $ 0.2620. A high was formed at $ 0.2701 and the price now consolidates profits near the 23.6% FIB retracement level of the recent wave of $ 0.2507 Swing to the $ 0.2701 High.
Dogecoin price is now being traded above the level of $ 0.260 and the 100-hour simple advancing average. In addition, there is a bullish trend line that forms with support for $ 0.2580 on the hour table of the DOGE/USD pair.
If there is another increase, the immediate resistance is due to the benefit near the level of $ 0.270. The first major resistance for the bulls can be near the level of $ 0.2720. The next major resistance is near the level of $ 0.280. A nearby $ 0.280 is close to the price to $ 0.2880. More profits can send the price to $ 0.2920. The next big stop for the bulls can be $ 0.30.
Pullback in doge?
If the price of doge does not climb above the level of $ 0.270, this can start a downward correction. The first support on the disadvantage is near the level of $ 0.2650. The next major support is close to the level of $ 0.2580 and the trend line.
The most important support is at $ 0.250. If there is a narrow break under the support of $ 0.250, the price can fall further. In the indicated case, the price can slide to the $ 0.2320 level or even $ 0.2250 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 – $ 0.2580 and $ 0.2550.
Important resistance levels – $ 0.2700 and $ 0.2720.