Dogecoin has started a modern boost above the zone USD 0.180 in relation to the American dollar. Doge is now consolidating and can strive for traffic above 0.20 USD.
- The Doge price began a modern boost above USD 0.1750 and USD 0.180.
- The price is sold above 0.1880 USD and 100-hour straight movable average.
- There is a stubborn trend line with support of USD 0.1910 on the Doge/USD hour chart (data source from Kraken).
- The price can start a fresh rally if it cleans the $ 0.1980 and 0.20 resistance levels.
Dogcoin eyes price more profits
The Dogecoin price has started a modern boost compared to the USD 0.1750 zone, such as Bitcoin and Ethereum. Doge was able to climb above the level of resistance 0.180 USD and USD 0.1880.
Bulls even exceeded the price above the resistance of 0.1920 USD. Finally, the price was similar to the 0.20 USD barrier. The height was created at 0.1992 USD, and the price consolidates profits above 23.6% of the level of withdrawal of Movement FIB from $ 0.1660 to the highest level of USD 0.1992.
The price of Dogecoin is now trading above 0.1880 USD and 100-hour straight movable average. In addition, there is a stubborn trend line with support of USD 0.1910 on the Doge/USD hour chart.
Immediate resistance at the top is close to USD 0.1980. The first stern resistance for bulls can be close to 0.20 USD. The next main resistance is close to USD 0.2050. Closing above the USD 0.2050 can send a price up to $ 0.220. Any profits can send a price of USD 0.2320. Another significant stop for Bulls can be 0.250 USD.
Correction of the defect in the dog?
If the Doge price does not rise above 0.20 USD, it may start a downward correction. Initial support in the minus is located near the level of USD 0.1910 or the trend line zone. Another stern support is located near the USD 0.1820 or 50% of the level of withdrawal of FIB movement from a swing worth 0.1660 USD up to USD 0.1992.
The main support is USD 0.1780. If there is a break below USD 0.1780 support, the price may fall. In a certain case, the price may drop compared to USD 0.1750, and even USD 0.1720 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 0.1910 and USD 0.1880.
Main resistance levels – USD 0.1980 and USD 0.2000.
