Dogecoin started a new fall below $ 0.270 zone against the US dollar. Doge consolidates now and can be confronted with obstacles near $ 0.2550.
- DOGE -Price started a new decrease among the levels of $ 0.270 and $ 0.260.
- The price acts below the level of $ 0.260 and the 100-hour simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 0.2560 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price could start a new increase if it knew the $ 0.2560 and $ 0.2600 resistance levels.
Dogecoin Price Facies Resistance
Dogecoin price started a new decrease in the $ 0.2840 resistance zone, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.270 and $ 0.260. It was even below $ 0.250.
A low point was formed at $ 0.2420 and the price is now trying to restore. There was a movement above the 23.6% FIB retracement level of the downward wave of $ 0.2830 Swing high to $ 0.2420 low. The price has even erased the resistance level of $ 0.2500.
Dogecoin price is now being traded below the level of $ 0.260 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.2550. There is also a connecting Bearish trend line that forms with resistance at $ 0.2560 on the hour table of the Doge/USD pair.
The first major resistance for the bulls could be near the $ 0.2620 level or the 50% FIB racement level of the downward wave of the $ 0.2830 Swing high to $ 0.2420 low. The next major resistance is near the level of $ 0.2670.
A nearby $ 0.2670 nearby can send the price to the $ 0.300 resistance. More profits can send the price to the level of $ 0.320. The next big stop for the bulls can be $ 0.3420.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.260, this can start a new decline. The first support on the disadvantage is near the level of $ 0.2480. The next major support is near the level of $ 0.2420.
The most important support is at $ 0.2350. If there is a narrow break under the support of $ 0.2350, the price can fall further. In the indicated case, the price can fall to the level of $ 0.2220 or even $ 0.2150 in the short 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 – $ 0.2480 and $ 0.2420.
Important resistance levels – $ 0.2600 and $ 0.2620.