Dogecoin fell heavily under the support of $ 0.280 against the US dollar. Doge recovers now and can be confronted with obstacles near $ 0.270.
- DOGE -Price started a new decrease among the support levels of $ 0.2850 and $ 0.2650.
- The price is traded below the level of $ 0.280 and the 100-hour simple advancing average.
- There is a large bearish trend line that forms with resistance at $ 0.270 on the hour table of the DOGE/USD pair (data source of Kraken).
- The price can start a new increase if it knew the resistance levels of $ 0.250 and $ 0.270.
Dogecoin -price dives 30%
Dogecoin price started a new decrease in the $ 0.3250 resistance zone, such as Bitcoin and Ethereum. Doge fell under the support levels of $ 0.300 and $ 0.2750. It was even below $ 0.220.
The price fell by more than 25% and tested the $ 0.20 zone. A layer was formed at $ 0.20 and the price is rising now. There was a movement above the 23.6% FIB racement level of the downward movement of the $ 0.3416 Swing high to $ 0.20 low.
Dogecoin price is now being traded above the level of $ 0.280 and the 100-hour simple advancing average. Immediate resistance at the top is near the level of $ 0.250. The first major resistance for the bulls can be near the level of $ 0.260.
The next major resistance is near the level of $ 0.270 or the 50% FIB retracement level of the downward movement of the $ 0.3416 Swing high to $ 0.20 low. There is also a large Bearish trend line that forms with resistance at $ 0.270 on the hour table of the Doge/USD pair.
A nearby $ 0.270 nearby can send the price to the $ 0.2880 resistance. More profits can send the price to the $ 0.30 level. The next big stop for the bulls can be $ 0.320.
Another decline of doge?
If the price of doge does not climb above the level of $ 0.250, this can start a decrease. The first support on the disadvantage is near the level of $ 0.2250. The next major support is near the level of $ 0.2150.
The most important support is at $ 0.20. If there is a disadvantage under the support of $ 0.20, the price can fall further. In the case mentioned, the price can fall to the level of $ 0.1880 or even $ 0.1650 in the short term.
Technical indicators
MACD per hour – The MACD for Doge/USD now wins momentum in the Bearish zone.
Picly RSI (relative strength -index) -The RSI for Doge/USD is now below the 50 -level level.
Important support levels – $ 0.2250 and $ 0.2150.
Important resistance levels – $ 0.2500 and $ 0.2700.
Credit : www.newsbtc.com
