Dogecoin has started a novel boost above the USD 0.1550 zone in relation to the American dollar. Doge is now consolidating and can strive for traffic above 0.1680 USD.
- The Doge price began a novel boost above 0.150 and 0.1550 USD.
- The price is sold above 0.160 USD and 100-hour straight movable average.
- There is a key channel formed with a resistance of USD 0.1680 on the Doge/USD hour chart (data source from Kraken).
- The price may start again if it stays below the zone 0.180 USD.
Dogecoin price is resistant
The Dogecoin price has started a novel boost above the USD 0.1420 zone, such as Bitcoin and Ethereum. Doge was able to climb above the level of resistance 0.150 and 0.1550 USD.
Bulls even exceeded the price above the resistance of 0.1620 USD. The height was created at 0.1677 USD, and the price consolidates profits above 23.6% of the level of withdrawal of Movement FIB from $ 0.1427 to the highest level of 0.1677 USD.
The Dogecoin price is currently exceeding USD 0.160 and a 100-hour straight movable average. Immediate resistance at the top is close to USD 0.1680. There is also a key channel that creates a resistance at USD 0.1680 on the Doge/USD hour chart.
The first solemn resistance for Bulls can be near 0.1720 USD. The next main resistance is close to USD 0.1750. Closing above the resistance in the amount of USD 0.1750 may send a price up to $ 0.180. Any profits can send a price to USD 0.200. Another critical stop for Bulls can be 0.2120 USD.
Another decrease in dog?
If the Doge price does not boost above USD 0.1680, it may start another decrease. Initial support is close to USD 0.1620. Another solemn support is located near the USD 0.1550 and 50% of the upward of the FIB upward movement from $ 0.1427 to the highest level of USD 0.1677.
The main support is USD 0.1550. If there is a break below the support of $ 0.1550, the price may fall. In the given case, the price may drop compared to USD 0.1420 or even $ 0.1350 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 0.1620 and USD 0.1550.
Main resistance levels – USD 0.1680 and USD 0.1800.
