Dogecoin has started a modern raise above the USD 0.250 zone in relation to the American dollar. Doge consolidates now and can strive for greater benefits above 0.270 USD.
- Doge Price started fresh up above 0.250 USD and USD 0.2550.
- The price is sold above 0.2550 USD and 100-hour straight movable average.
- There is a stubborn trend line with $ 0.2580 support on the Doge/USD hour chart (data source from Kraken).
- The price may strive for more profits if it remains stable above 0.2550 USD.
Dogecoin price changes green
The price of Dogecoin has started a modern raise after resolving above 0.2350 USD, such as Bitcoin and Ethereum. Doge climbed above the resistance of 0.250 USD to enter the positive zone.
Bulls were able to exceed a price above 0.260 USD and USD 0.2620. The height was created at 0.2701 USD, and the price consolidates profits near 23.6% of the level of the Last Wave FIB from $ 0.2507 to a low level up to a height of 0.2701 USD.
The Dogecoin price is now trading above 0.260 USD and 100-hour straight movable average. In addition, there is a stubborn trend line with support of USD 0.2580 at the Doge/USD hour chart.
If another raise occurs, immediate resistance at the top is close to USD 0.270. The first earnest resistance for Bulls can be close to USD 0.2720. The next main resistance is close to USD 0.280. Closing above the USD 0.280 can send a price to USD 0.2880. Any profits can send a price to USD 0.2920. Another significant stop for Bulls can be 0.30 USD.
Withdrawal in the dog?
If the Doge price does not raise above USD 0.270, it may start a downward correction. Initial support is close to USD 0.2650. Another earnest support is located near the USD 0.2580 and the trend line.
The main support is 0.250 USD. If there is a break below USD 0.250 support, the price may drop. In the given case, the price may move towards USD 0.2320 or even 0.2250 USD 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 0.2580 and USD 0.2550.
Main resistance levels – USD 0.2700 and USD 0.2720.
