Dogecoin started a downward correction of the $ 0.400 zone against the US dollar. Doge is now consolidating and can try a new increase if it remains above $ 0.3350.
- DOGE -Price started a new decrease of less than $ 0.3880 and $ 0.3650.
- The price acts below the level of $ 0.3550 and the 100-hour simple advancing average.
- There is a large bearish trend line that forms with resistance at $ 0.3520 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price could start a new increase if it knew the $ 0.3520 and $ 0.3550 resistance levels.
Dogecoin -Price Dips to support
Dogecoin price started a new decrease of the $ 0.400 resistance zone, in contrast to Bitcoin and Ethereum. Doge fell under the support levels of $ 0.3800 and $ 0.3650. It was even below $ 0.350.
A low point was formed at $ 0.3416 and the price is now the losses of losses below the 23.6% FIB retracement level of the downward movement of the $ 0.4014 Swing High to $ 0.3416 low. There is also a large bearish trend line that forms with resistance at $ 0.3520 on the hour table of the DOGE/USD pair.
Dogecoin price is now being traded below the level of $ 0.3550 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.3520 and the trend line.
The first major resistance for the Bulls can be near the level of $ 0.3550. The next major resistance is near the $ 0.3720 level or the 50% FIB retracement level of the downward movement of the $ 0.4014 Swing High to $ 0.3416 low.
A close -up resistance of $ 0.3720 can send the price to the $ 0.3860 resistance. More profits can send the price to the level of $ 0.40. The next big stop for the bulls can be $ 0.420.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.3550, this can start a decrease. The first support on the disadvantage is near the level of $ 0.3420. The next major support is near the level of $ 0.3380.
The most important support is at $ 0.3250. If there is a downward break under the support of $ 0.3250, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.3020 or even $ 0.300 in the nearest 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 – $ 0.3400 and $ 0.3380.
Important resistance levels – $ 0.3550 and $ 0.3720.
