Dogecoin has started a modern enhance above the USD 0.20 zone in relation to the American dollar. Doge is now consolidating and can strive for traffic above 0.2120 USD.
- Doge price began a modern enhance above 0.1880 USD and 0.20 USD.
- The price is sold above 0.20 USD and 100-hour straight movable average.
- There is a stubborn trend line with a support of USD 0.2060 on the Doge/USD hour chart (data source from Kraken).
- The price can start a fresh rally if it cleans the levels of 0.2120 USD and USD 0.2180.
Dogcoin eyes price more profits
The Dogecoin price has started a modern enhance compared to the USD 0.1880 zone, such as Bitcoin and Ethereum. Doge was able to climb above the resistance level $ 0.1950 and USD 0.200.
Bulls even exceeded the price above the resistance of 0.2120 USD. Finally, the price was similar to the resistance of 0.2220 USD. The height was created at USD 0.2205, and the price is now corrected. There was a traffic below 23.6% of the level of withdrawal of FIB movement from a swing worth 0.1885 USD up to $ 0.2205.
The Dogecoin price is currently exceeding USD 0.2020 and a 100-hour straight movable average. In addition, there is a stubborn trend line with support of USD 0.2060 on the Doge/USD hourly pair chart.
Immediate resistance at the top is close to USD 0.2120. The first earnest resistance for bulls can be close to USD 0.2150. The next main resistance is close to USD 0.2220. Closing above the resistance 0.2220 USD may send a price to a resistance of 0.2320 USD. Any profits can send a price to USD 0.250. Another essential stop for Bulls can be 0.2650 USD.
Correction of the defect in the dog?
If the Doge price does not enhance above USD 0.2120, it may start a downward correction. Initial support on the minus is close to USD 0.2060 or trend lines zone. Another earnest support is located near USD 0.2040 or 50% of the level of withdrawal of FIB movement from a swing worth 0.1885 USD up to $ 0.2205.
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 0.1950, and even USD 0.1880 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 0.2060 and USD 0.20.
Main resistance levels – USD 0.2120 and USD 0.2220.
