Dogecoin found support for USD 0.3050 and regained some losses in relation to the American dollar. Doge is growing now and can strive for higher profits above 0.350 USD.
- Doge Price began a decent growth above 0.315 USD and 0.320 USD.
- The price is commercial near 0.3320 USD and 100-hour straight movable average.
- There was a break above the main line of the bear trend with a resistance of USD 0.330 at the Doge/USD hour chart (data source from Kraken).
- The price may start another enhance if it cleans resistance levels by USD 0.340 and USD 0.3480.
The Dogecoin price is higher
The price of Dogecoin began to refresh from the $ 0.3850 resistance zone, unlike Bitcoin and Ethereum. Doge immersed below the levels of USD 0.3500 and USD 0.3350. Even it increased below USD 0.320.
The low was created at 0.3052 USD, and the price currently increases above 50% of the FIB slimming level down movement from a height of USD 0.3599 to a low level of USD 0.3052. There was a break over the main line of bear trend with a resistance of USD 0.330 on the Doge/USD hour chart.
The Dogecoin price is now exceeding USD 0.330 and a 100-hour straight movable average. Immediate resistance at the top is close to 0.3390 USD and 61.8% of the FIB shade of downward movement from the height of a swing worth 0.3599 USD to a low level of USD 0.3052 USD.
The first grave resistance for bulls can be close to USD 0.3480. The next main resistance is close to USD 0.3550. Closing above the resistance in the amount of USD 0.3550 may send a price up to $ 0.3660. Any profits can send a price of USD 0.3880. Another crucial stop for Bulls can be 0.40 USD.
Another decrease in dog?
If the Doge price does not enhance above USD 0.340, it may start another decrease. Initial support in the minus is close to USD 0.3250. Another grave support is located near the USD 0.3150.
The main support is USD 0.3150. If the breaks below the support of USD 0.3150 falls, the price may go further. In the given case, the price may drop compared to USD 0.3020 or even $ 0.300 in the near future.
Technical indicators
MACD – MacD for DOGE/USD is now gaining momentum in the stubborn zone.
RSI hours (relative strength indicator) – RSI for DOGE/USD is now above level 50.
Main support levels – USD 0.3250 and USD 0.3150.
Main resistance levels – USD 0.3400 and USD 0.3480.
