Dogecoin started a new fall of the $ 0.1880 zone against the US dollar. Doge consolidates losses now and can recover if it knew $ 0.1780.
- DOGE -Price started a new decrease under the levels of $ 0.1880 and $ 0.180.
- The price is traded below the level of $ 0.180 and the 100-Urly simple advancing average.
- There is a bearish trend line in the short term that forms with resistance to $ 0.1760 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new decrease if it drops under the $ 0.180 zone.
Dogecoin price is falling again
Dogecoin price started a new decrease after it had not deleted the $ 0.1880 zone, such as Bitcoin and Ethereum. Doge fell under the levels of $ 0.1800 and $ 0.1750.
The bears even pushed the price below the level of $ 0.1720. A low point was formed at $ 0.1695 and the price is now losing losing below the 23.6% FIB retracement level of the downward movement of $ 0.2064 Swing high to $ 0.1697 Low.
Dogecoin price is now being traded below the level of $ 0.180 and the 100-hour simple advancing average. There is also a bearish trend line in the short term that forms with resistance at $ 0.1760 on the hour table of the Doge/USD couple.
Immediate resistance at the top is near the level of $ 0.1760. The first major resistance for the Bulls can be near the level of $ 0.1785. The next major resistance is near the level of $ 0.180. A nearby $ 0.180 is close to the price of $ 0.1880. It is close to the 50% FIB racement level of the downward movement of $ 0.2064 Swing High to $ 0.1697 Low.
More profits can send the price to the level of $ 0.200. The next big stop for the bulls can be $ 0.2120.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.180, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.1720. The next major support is near the level of $ 0.1700.
The most important support is at $ 0.1680. If there is a disadvantage under the support of $ 0.1680, the price can fall further. In the indicated case, the price can fall to the level of $ 0.1550 or even $ 0.1525 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 above 50 -level.
Important support levels – $ 0.1700 and $ 0.1680.
Important resistance levels – $ 0.1760 and $ 0.1800.