Dogecoin began a fresh decrease in relation to the USD 0.180 zone in relation to the American dollar. Doge consolidates and can fight for recovery above 0.1680 USD.
- The Doge price began again a decrease below 0.1750 USD and USD 0.170.
- The price is sold below 0.1680 USD and 100-hour straight movable average.
- There was a break below the key stubborn trend line formed with the $ 0.170 service on the Doge/USD hourly chart (data source from Kraken).
- The price may extend the losses if it breaks the support zone 0.1550 USD.
Dogecoin price will fall again
The price of Dogecoin began to refresh after it did not spotless $ 0.180, such as Bitcoin and Ethereum. Doge immersed below the levels of USD 0.1750 and USD 0.1720.
There was a break below the key stubborn trend line with support of USD 0.170 on the Doge/USD hour chart. Bears were able to exceed the price below the level of support 0.1620 USD. He even traded close to USD 0.1550 support.
Low was created at 0.1555 USD and the price consolidates losses. A petite traffic was talked about above 23.6% of the downfall withdrawal level down from $ 0.180 to a low level of USD 0.1555.
The Dogecoin price is now trading below 0.170 USD and 100-hour straight movable average. Immediate resistance at the top is close to USD 0.1650. The first earnest resistance for bulls can be close to USD 0.1680. There is nearly 50% of the level of withdrawal FIB down from $ 0.180 to a low level of 0.1555 USD.
The next main resistance is close to USD 0.1740. Closing above the resistance in the amount of USD 0.1740 may send a price up to $ 0.180. Any profits can send a price of USD 0.1880. Another essential stop for Bulls can be 0.1950 USD.
Another decrease in dog?
If the Doge price does not enhance above USD 0.170, it may start another decrease. Initial support in the minus is close to USD 0.160. Another earnest support is close to USD 0.1550.
The main support is 0.150 USD. If a decrease below the support of $ 0.150 decreases, the price may fall further. In a certain case, the price may drop compared to USD 0.1320, and even USD 0.120 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 above level 50.
Main support levels – USD 0.1600 and USD 0.1550.
Main resistance levels – USD 0.1680 and USD 0.1740.
