Dogecoin has fallen significantly below USD 0.280 support in relation to the American dollar. Doge is recovering and can face obstacles near $ 0.270.

• The Doge price began again a decrease below the level of support 0.2850 USD and 0.2650 USD.
• The price is listed below 0.280 USD and 100-hour straight movable average.
• There is a main line of the bear trend with a resistance of USD 0.270 on the Doge/USD hour chart (data source from Kraken).
• The price may start another augment if it cleans the level of resistance 0.250 and 0.270 USD.

Dogecoin price dives 30%

The Dogecoin price began to refresh from the $ 0.3250 resistance zone, such as Bitcoin and Ethereum. Doge immersed below the levels of USD 0.300 and USD 0.2750. 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 23.6% of the downward FIB withdrawal level from $ 0.3416 to a low level of USD 0.20.

The Dogecoin price is now trading above 0.280 USD and 100-hour straight movable average. Immediate resistance at the top is close to USD 0.250. The first sedate resistance for Bulls can be close to 0.260 USD.

The next main resistance is close to USD 0.270 or 50% of the downward FIB downward level from $ 0.3416 to a low level of USD 0.20. There is also the main line of bear trend formed with a resistance of USD 0.270 on the Doge/USD hour chart.

Closing above the resistance in the amount of USD 0.270 may send a price up to $ 0.2880. Any profits can send a price to USD 0.30. Another significant stop for Bulls can be 0.320 USD.

Another decrease in dog?

If the Doge price does not augment above USD 0.250, it may start another decrease. Initial support is close to USD 0.2250. Another sedate support is close to USD 0.2150.

The main support is 0.20 USD. If there is a break below the support of 0.20 USD, the price may fall even more. In the given case, the price may drop in relation to USD 0.1880 or even $ 0.1650 in the near future.

Technical indicators

MACD – MacD for DOGE/USD is now gaining momentum in the bear zone.

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

Main support levels – USD 0.2250 and USD 0.2150.

Main resistance levels – USD 0.2500 and USD 0.2700.