Dogecoin began a fresh decrease below the zone 0.2620 USD in relation to the American dollar. Doge is consolidating now and tries to remove the resistance of 0.2550 USD.

• Doge price began to refresh than levels 0.270 USD and 0.2620 USD.
• The price is listed below 0.2580 USD and 100-hour straight movable average.
• There was a break over the connecting bear trend line with a resistance of USD 0.2540 on the Doge/USD hour chart (data source from Kraken).
• The price may start another enhance if it cleans the levels of 0.2550 USD and 0.2620 USD.

Dogecoin Price is fighting for the pace

The Dogecoin price began to refresh below the zone 0.2750 USD, as opposed to Bitcoin and Ethereum. Doge has immersed below the levels of USD 0.270 and USD 0.2620. Even it increased below USD 0.2550.

Low was created at USD 0.2420, and the price is now trying to recover. There was a traffic above 23.6% of the downward FIB withdrawal level from $ 0.2830 to a low level of USD 0.2420. There was also a break over the connecting bear trend line with a resistance of USD 0.2540 at the Doge/USD hour chart.

However, the couple tries to settle above the resistance level of USD 0.2550. The Dogecoin price is now trading below 0.2540 USD and 100-hour straight movable average. Immediate resistance at the top is close to USD 0.2550.

The first high resistance for bulls can be close to 0.2625 USD or 50% of the level of fibs downward pulling down from a height of USD 0.2830 to a low level of USD 0.2420. The next main resistance is close to USD 0.2720.

Closing above the resistance in the amount of USD 0.2720 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 0.2550, it may start another decrease. Initial support is close to 0.2500 USD. Another earnest support is close to USD 0.2450.

The main support is USD 0.2420. If there is a break below the support of USD 0.2420, the price may drop. In the given case, the price may drop in relation to USD 0.2350, and even $ 0.2220 in the near future.

Technical indicators

MacD hour – MacD for DOGE/USD is now losing a rush in a stubborn zone.

RSI hours (relative strength indicator) – RSI for DOGE/USD is now below level 50.

Main support levels – USD 0.2500 and USD 0.2420.

Main resistance levels – USD 0.2550 and USD 0.2620.