Dogecoin began a fresh decrease from the USD 0.250 zone compared to the American dollar. Doge consolidates now and may fall below 0.2220 USD support.
- The Doge price began again a decrease below USD 0.2350.
- The price is listed below USD 0.2320 and a 100-hour straight movable average.
- There is a bearing on the trend line with resistance in the amount of USD 0.2280 at the Doge/USD hour chart (data source from Kraken).
- The price can start fresh up if it cleans the levels of 0.2280 USD and 0.2350 USD.
Dogecoin eye price recovery wave
The price of Dogecoin began to refresh itself in relation to the $ 0.250 resistance zone, worse Bitcoins and Ethereum results. Doge has fallen below the levels of support 0.2350 USD and USD 0.2320.
The decrease gained a pace below 0.2300 USD. Low was created at 0.2225 USD and the price consolidates losses. There is also a bear trend line with a resistance of USD 0.228
The Dogecoin price is now trading below 0.2320 USD and 100-hour straight movable average. Immediate resistance at the top is close to USD 0.2280 and FIB slimming level 23.6% of the inheritance movement from a height of USD 0.2486 to a low level of USD 0.2225.
The first high resistance for bulls can be close to 0.2350 USD or 50% of the downward FIB downward down level from $ 0.2486 to a low level of USD 0.2225. The next main resistance is close to USD 0.2420. Closing above the resistance in the amount of USD 0.2420 may send a price up to $ 0.250. Any profits can send a price to USD 0.2550. Another vital stop for Bulls can be 0.2650 USD.
Correction of the defect in the dog?
If the Doge price does not raise above USD 0.2280, it may start a downward correction. Initial support is close to USD 0.2220. Another sedate support is close to USD 0.2120.
The main support is USD 0.2050. If there is a break below USD 0.2050, the price may fall even more. In the given case, the price may drop compared to USD 0.1980, and even USD 0.1920 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 0.2220 and USD 0.2120.
Main resistance levels – USD 0.2280 and USD 0.2350.
