Dogecoin started a new fall of the $ 0.1900 zone against the US dollar. Doge now corrects losses and may find vision of views in the vicinity of $ 0.1750.
- DOGE -Price could not release $ 0.200 and corrected profit.
- The price is traded below the level of $ 0.180 and the 100-Urly simple advancing average.
- There is an important bearish trend line that forms with resistance at $ 0.1740 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price could start a new increase if it knew the $ 0.1800 resistance zone.
Dogecoin Price Eyes recovery
Dogecoin price started a new increase over the $ 0.1650 resistance, such as Bitcoin and Ethereum. Doge climbed above the resistance levels of $ 0.1720 and $ 0.1750 before the bears appeared.
A high was formed at $ 0.1920 and the price started a new decrease. There was a movement under the levels of $ 0.180 and $ 0.1750. A layer was formed at $ 0.1671 and the price is now trying a recovery wave. It surpassed the 50% FIB retracement level of the downward movement of the $ 0.1807 Swing high to $ 0.1671 low.
Dogecoin price is now being traded below the level of $ 0.180 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.1750. There is also an important bearish trend line that forms with resistance at $ 0.1740 on the hour table of the DOGE/USD pair.
The trend line is near the 61.8% FIB retracement level of the downward movement of $ 0.1807 Swing High to the low $ 0.1671. The first major resistance for the bulls can be near the level of $ 0.1840.
The next major resistance is near the level of $ 0.1850. A nearby $ 0.1850 is close to the price of $ 0.1920. More profits can send the price to the level of $ 0.1980. The next big stop for the bulls can be $ 0.200.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.1750, this can start a new decrease. The first support on the disadvantage is near the level of $ 0.170. The next major support is near the level of $ 0.1680.
The most important support is at $ 0.1600. If there is a narrow break under the support of $ 0.160, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1550 or even $ 0.1450 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 – $ 0.1750 and $ 0.1840.