Dogecoin began a correction down from the $ 0.400 zone compared to the American dollar. Doge is currently in the consolidation phase and can attempt to grow again if it stays above 0.3350 USD.

• The Doge price has started a up-to-date decrease below $ 0.3880 and $ 0.3650.
• The price is below 0.3550 USD and 100-hour straight ahead average.
• On the hourly chart of the Doge/USD pair, the main line of the bear trend with a resistance of 0.3520 USD (data source from Kraken) is created.
• The price may start another raise if it overcomes the resistance levels 0.3520 USD and USD 0.3550.

Dogecoin’s price drops to support

The price of Dogecoin has started a up-to-date decrease from the resistance zone of USD 0.400, as opposed to Bitcoin and Ethereum. Doge has fallen below the levels of support 0.3800 USD and USD 0.3650. He even jumped below $ 0.350.

The lowest level has been formed at 0.3416 USD, and the price currently consolidates losses below the level of lifting FIB of 23.6%, which is the effect of movement down from the top of USD 0.4014 to the lowest level of 0.3416 USD. On the hourly chart of the Doge/USD pair, the main line of the bear trend with a resistance of 0.3520 USD is also created.

The price of Dogecoin is currently listed below 0.3550 USD and a 100-hour straight-steep average. Immediate resistance up is located near the USD 0.3520 and the trend line.

The first sedate resistance for bulls may be near the 0.3550 dollar. The next main resistance is located near the USD 0.3720 or 50% of the FIB lifting level as part of the downward movement from the top of USD 0.4014 to a minimum of 0.3416 USD.

Closing above the resistance of USD 0.3720 may direct the price to the resistance of USD 0.3860. Any further profits can direct the price towards 0.40 USD. The next vital stop for bulls can be the price of USD 0.420.

Another decrease in dog?

If the Doge price does not raise above USD 0.3550, another decrease may start. Initial support down is near the USD 0.3420. Another vital support is located near USD 0.3380.

The main support is at USD 0.3250. If there is a break below the support of 0.3250 USD, the price may continue to drop. In this case, the price may in the near future fall towards 0.3020 USD or even USD 0.300.

Technical indicators

The hourly MacD – MacD for DOGE/USD is currently gaining momentum in the bear zone.

The hourly RSI (relative force index) – RSI for DOGE/USD is currently below level 50.

Main support levels – USD 0.3400 and USD 0.3380.

Main resistance levels – USD 0.3550 and USD 0.3720.