Dogecoin started a new fall below $ 0.1720 zone against the US dollar. Doge tested $ 0.1650 and is now trying to recover to $ 0.180.
- DOGE -Price started a new decrease under the levels of $ 0.1750 and $ 0.1720.
- The price is traded above the level of $ 0.170 and the 100-hour simple advancing average.
- There is a connecting bullish trend line that forms with support at $ 0.1680 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can get Bullish Momentum if it knew the $ 0.1750 and $ 0.1800 resistance levels.
Dogecoin Price Eyes recovery
Dogecoin price started a new fall below $ 0.1750 zone, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.1720 and $ 0.1700. It was even below $ 0.1650.
A layer was formed at $ 0.1646 and the price is now trying a strong comeback. There was a movement above the level of $ 0.1680. The bulls pushed the price above the 50% FIB racement level of the downward movement of the $ 0.1791 Swing high to $ 0.1646 low.
Dogecoin price is now being traded above the level of $ 0.1680 and the 100-hour simple advancing average. There is also a connecting bullish trend line that forms with support for $ 0.1680 on the hour table of the Doge/USD pair.
Immediate resistance at the top is near the level of $ 0.1755 or the 76.4% FIB retracement level of the downward movement of the $ 0.1791 Swing high to $ 0.1646 low. The first major resistance for the Bulls can be near the level of $ 0.1780.
The next major resistance is near the level of $ 0.1800. A nearby $ 0.1800 nearby can send the price to the resistance of $ 0.1850. More profits can send the price to the $ 0.2000 level. The next big stop for the bulls can be $ 0.2050.
More losses in Doge?
If the price of doge does not climb above the level of $ 0.1755, 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 $ 0.1680.
The most important support is at $ 0.1650. If there is a narrow break under the support of $ 0.1650, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1620 or even $ 0.1550 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 – $ 0.1680 and $ 0.1650.
Important resistance levels – $ 0.1755 and $ 0.1800.