Dogecoin started a new fall below $ 0.250 zone against the US dollar. Doge Tested $ 0.2050 now consolidates under the resistance of $ 0.2250.
- DOGE -Price started a new decrease under the levels of $ 0.260 and $ 0.250.
- The price acts below the level of $ 0.2380 and the 100-hour simple advancing average.
- There is a connecting Bearish trend line that forms with resistance at $ 0.2180 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price could start a recovery if it knew the resistance levels of $ 0.2180 and $ 0.2200.
Dogecoin price falls more than 5%
Dogecoin price started a new fall below $ 0.2650 zone, in contrast to Bitcoin and Ethereum. Doge fell under the support levels of $ 0.260 and $ 0.250. It was even below $ 0.2150.
A low point was formed at $ 0.2052 and the price is now consolidating. There was a movement above the level of $ 0.2080, but the price remained below the 23.6% FIB retracement level of the downward movement of the $ 0.2609 Swing high to $ 0.2052 low.
Dogecoin price is now being traded below the level of $ 0.2250 and the 100-Urly simple advancing average. Immediate resistance at the top is near the level of $ 0.2150. The first major resistance for the bulls can be near the level of $ 0.2180.
There is also a connecting Bearish trend line that forms with resistance at $ 0.2180 on the hour table of the Doge/USD pair. The next major resistance is near the level of $ 0.2250.
A nearby $ 0.2250 is close to the price to the $ 0.2330 resistance and the 50% FIB retracement level of the downward movement of the $ 0.2609 Swing high to $ 0.2052 low. More profits can send the price to the $ 0.250 level. The next big stop for the bulls can be $ 0.2620.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.2180, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.2065. The next major support is near the level of $ 0.2050.
The most important support is at $ 0.20. If there is a disadvantage under the support of $ 0.20, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1880 or even $ 0.1740 in the short 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 – $ 0.2050 and $ 0.2000.
Important resistance levels – $ 0.2180 and $ 0.2250.