Dogecoin began a fresh drop below the zone 0.270 USD in relation to the American dollar. Doge is now consolidating and can face obstacles near $ 0.2550.
- Doge price began to refresh than levels 0.270 USD and 0.260 USD.
- The price is listed below 0.260 USD and 100-hour straight movable average.
- There is a connecting line of bears treated with resistance in the amount of USD 0.2560 at the Doge/USD hour chart (data source from Kraken).
- The price may start another enhance if it cleans the level of resistance of USD 0.2560 and USD 0.2600.
Dogecoin price is resistant
The price of Dogecoin began to refresh in relation to the resistance zone of USD 0.2840, such as Bitcoin and Ethereum. Doge immersed below the levels of USD 0.270 and USD 0.260. Even it increased below USD 0.250.
Low was created at USD 0.2420, and the price is now trying to recover. There was a traffic above 23.6% of the level of withdrawal of FIB waves from a height of USD 0.2830 to a low level of USD 0.2420. The price even cleared the resistance level of USD 0.2500.
The price of Dogecoin is now trading below 0.260 USD and 100-hour straight movable average. Immediate resistance at the top is close to USD 0.2550. There is also a connecting bearing trend line that creates a resistance of USD 0.2560 on the Doge/USD hour chart.
The first high resistance for bulls can be close to 0.2620 USD or 50% of the Fib Fiba slimming level down from $ 0.2830 to a low level of USD 0.2420. The next main resistance is close to USD 0.2670.
Closing above the resistance in the amount of USD 0.2670 may send a price up to $ 0.300. Any profits can send a price to USD 0.320. Another essential stop for Bulls can be 0.3420 USD.
Another decrease in dog?
If the Doge price does not enhance above USD 0.260, it may start another decrease. Initial support is close to USD 0.2480. Another high support is close to USD 0.2420.
The main support is 0.2350 USD. If there is a break below the support of $ 0.2350, the price may drop. In the given case, the price may drop compared to USD 0.2220 or even $ 0.2150 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 below level 50.
Main support levels – USD 0.2480 and USD 0.2420.
Main resistance levels – USD 0.2600 and USD 0.2620.
