Dogecoin began a up-to-date growth and increased above the USD 0.2420 in relation to the American dollar. Doge now corrects profits and can start another escalate.

• The Doge price began a up-to-date escalate above USD 0.2320 and USD 0.2420.
• The price is sold above 0.2420 USD and 100-hour straight movable average.
• There is a combination line of trends with support of USD 0.2460 on the Doge/USD hour chart (data source from Kraken).
• The price may start a up-to-date escalate if it cleans the $ 0.2550 resistance zone.

Dogecoin price extends profits

The Dogecoin price started a up-to-date escalate after finding support near $ 0.2220, such as Bitcoin and Ethereum. Doge climbed and recovered above the resistance zone of USD 0.2350.

Bulls even exceeded the price above the resistance zone of USD 0.2420. However, bears were vigorous near USD 0.2550. The height was created at USD 0.2542, and the price now corrects some profits. There was a traffic below 23.6% of the level of withdrawal of FIB movement from a swing worth 0.2227 USD up to $ 0.2542.

The price of Dogecoin is now trading above 0.2450 USD and 100-hour straight movable average. There is also a combination line of trends with support of USD 0.2460 at the Doge/USD hour chart.

Immediate resistance at the top is close to USD 0.2550. The first grave resistance for Bulls can be close to 0.2620 USD. The next main resistance is close to USD 0.2650. Closing above the resistance in the amount of USD 0.2680 may send a price up to $ 0.280. Any profits can send a price of USD 0.2840. Another critical stop for Bulls can be 0.30 USD.

Correction of the defect in the dog?

If the Doge price does not escalate above USD 0.2550, it may start another decrease. Initial support in the minus is close to 0.2450 USD and trend line. Another grave support is located near the USD 0.2385 and 50% of the up to $ 0.2227 FIB withdrawal level to $ 0.2542.

The main support is USD 0.2320. If a decrease below the support of USD 0.2320 decreases, the price may go further. In the given case, the price may drop compared to USD 0.220 or even USD 0.2120 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 0.2450 and USD 0.2350.

Main resistance levels – USD 0.2550 and USD 0.2620.