Dogecoin began a recovery wave above the zone 0.240 USD in relation to the American dollar. Doge is now consolidating and can face obstacles near $ 0.270.

• Doge Price began a recovery wave above 0.2350 USD and USD 0.2420.
• The price is sold below 0.2780 USD and 100-hour straight movable average.
• There is a main line of bear trend forming with a resistance of USD 0.260 on the Doge/USD hour chart (data source from Kraken).
• The price may start another boost if it cleans the level of resistance of USD 0.260 and USD 0.270.

Dogecoin price is resistant

The price of Dogecoin began to refresh from the $ 0.3450 resistance zone, such as Bitcoin and Ethereum. Doge immersed below the levels of USD 0.300 and USD 0.250. Even it increased below USD 0.220.

The price dropped by over 25% and tested the 0.20 USD zone. The low was created at 0.20 USD and the price is increasing. There was a traffic above 50% of the level of withdrawal of wave fibs from a height of USD 0.3415 to a low level of 0.20 USD.

However, bears are energetic near the USD 0.280 zone. The Dogecoin price is now trading below 0.270 USD and 100-hour straight movable average. Immediate resistance at the top is close to USD 0.260.

There is also the main line of bear trend formed with a resistance of USD 0.260 on the Doge/USD hour chart. The first solemn resistance for bulls can be close to USD 0.270. The next main resistance is close to USD 0.2850 or FIB withdrawal levels of 61.8% from the wave down from $ 0.3415 to a low level of USD 0.20.

Closing above the resistance in the amount of USD 0.2850 may send a price up to $ 0.300. Any profits can send a price to USD 0.320. Another crucial stop for Bulls can be 0.3420 USD.

Another decrease in dog?

If the Doge price does not boost above USD 0.270, it may start another decrease. Initial support is close to USD 0.2420. Another solemn support is located near the USD 0.2250.

The main support is USD 0.220. If a decrease below the support of USD 0.220 decreases, the price may fall even more. In the given case, the price may drop compared to 0.2020 or even 0.200 USD in the near future.

Technical indicators

MacD hour – MacD for DOGE/USD is now losing a rush in the bear zone.

RSI hours (relative strength indicator) – RSI for DOGE/USD is now below level 50.

Main support levels – USD 0.2420 and USD 0.2250.

Main resistance levels – USD 0.2700 and USD 0.2850.