Dogecoin started a new increase above $ 0.180 zone against the US dollar. Doge consolidates now and can strive for a movement above $ 0.20.
- DOGE -Price started a new increase above the levels of $ 0.1750 and $ 0.180.
- The price is traded above the level of $ 0.1880 and the 100-hour simple advancing average.
- There is a bullish trend line that forms with support at $ 0.1910 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 $ 0.1980 and $ 0.20.
Dogecoin Price Looking more profit
Dogecoin price started a new increase compared to the $ 0.1750 zone, such as Bitcoin and Ethereum. Doge was able to climb above the resistance levels of $ 0.180 and $ 0.1880.
The bulls even pushed the price above the $ 0.1920 resistance. Finally, the prize near the barrier of $ 0.20 was traded. A high was formed at $ 0.1992 and the price is now consolidating profit above the 23.6% FIB retracement level of the upward movement of the $ 0.1660 Swing low to the high of $ 0.1992.
Dogecoin price is now being traded above the level of $ 0.1880 and the 100-hour simple advancing average. In addition, there is a bullish trend line that forms with support for $ 0.1910 on the hour table of the Doge/USD pair.
Immediate resistance at the top is near the level of $ 0.1980. The first major resistance for the bulls can be near the $ 0.20 level. The next major resistance is near the level of $ 0.2050. A nearby $ 0.2050 nearby can send the price to the $ 0.220 resistance. More profits can send the price to the level of $ 0.2320. The next big stop for the bulls can be $ 0.250.
Disadvantage correction in Doge?
If the price of doge does not climb above the level of $ 0.20, this can start a downward correction. The first support on the disadvantage is near the level of $ 0.1910 or the trend line zone. The next major support is near the $ 0.1820 level or the 50% FIB retracement level of the upward movement of the $ 0.1660 Swing low to $ 0.1992.
The most important support is at $ 0.1780. If there is a downward break under the support of $ 0.1780, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1750 or even $ 0.1720 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 – $ 0.1910 and $ 0.1880.
Important resistance levels – $ 0.1980 and $ 0.2000.