Dogecoin started a recovery wave above $ 0.250 zone against the US dollar. Doge consolidates now and can be confronted with obstacles near $ 0.2655.
- DOGE -Price started a recovery wave above the levels of $ 0.2500 and $ 0.2520.
- The price acts above the level of $ 0.250 and the 100-hour simple advancing average.
- There was a break above a connecting bearish trend line with resistance at $ 0.2515 on the hour table of the Doge/USD pair (data source of Kraken).
- The price could start a new increase if it knew the resistance levels of $ 0.260 and $ 0.2655.
Dogecoin Price Facies Resistance
Dogecoin price started a new fall in the $ 0.2940 resistance zone, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.280 and $ 0.2655. It was even below $ 0.250.
A layer was formed at $ 0.2388 and the price is now rising. There was a movement above the 23.6% FIB racement level of the downward wave of $ 0.2933 Swing high to $ 0.2388 low. The price has even erased the resistance level of $ 0.2500.
There was a break over a connecting bearish trend line with resistance at $ 0.2515 on the hour table of the Doge/USD pair. Dogecoin price is now being traded above the level of $ 0.250 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.260.
The first major resistance for the bulls could be near the $ 0.2655 level or the 50% FIB retracement level of the downward wave of $ 0.2933 Swing high to $ 0.2388 Low. The next major resistance is near the level of $ 0.2725.
A close -up resistance of $ 0.2725 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 $ 0.2520. The next major support is near the level of $ 0.250.
The most important support is at $ 0.2380. If there is a disadvantage under the support of $ 0.2380, the price can fall further. In the indicated case, the price can fall to the level of $ 0.2250 or even $ 0.2120 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 – $ 0.2520 and $ 0.2500.
Important resistance levels – $ 0.2600 and $ 0.2655.