Doonecoin started a new decline under the zone of 0.2620 US dollars compared to the US dollar. Doge consolidates now and fights to extinguish the resistance of USD 0.2550.
- The Doge Prize started a new decline below the level of $ 0.270 and $ 0.2620.
- The price is traded below the level of USD 0.2580 and the 100-hour simple, sliding average.
- There was a break above a bear -like trend line with a resistance of $ 0.2540 on the hourly diagram of the Doge/USD pair (data source of octopus).
- The price could start a further increase if it deletes the level of resistance of $ 0.2550 and USD 0.2620.
Dogecoin Price fights to win pace
In contrast to Bitcoin and Ethereum, the price for Dogecoin started a new decline under the zone of $ 0.2750. Doge drove under the support of $ 0.270 and $ 0.2620. It even rose below $ 0.2550.
A low was formed at 0.2420 USD and the price is now trying to recover. There was a movement above the 23.6% FIB retreat level of the downward train from the swing of $ 0.2830 to the low of USD 0.2420. There was also an interruption over a bearish trend line with a resistance of 0.2540 US dollars in the timetable of the Doge/USD couple.
However, the couple fights to settle over the level of resistance of $ 0.2550. The price for Dogecoin is now traded below the level of $ 0.2540 and the 100-hour simple, sliding average. The immediate resistance on the top is near the level of $ 0.2550.
The first major resistance for the bulls could be close to the level of $ 0.2625 or the 50% FIB retreat level of the downward train of 0.2830 US dollars high on the low of USD 0.2420. The next major resistance is near the level of $ 0.2720.
Closing above the resistance of USD 0.2720 can send the price in the direction of the resistance of $ 0.300. Further profits could send the price towards $ 0.320. The next big stop for the bulls could be 0.3420 US dollars.
Another decline in the Doge?
If the price of Doge does not increase over the level of $ 0.2550, this can begin another decline. The initial support at the disadvantage is near the level of $ 0.2500. The next big support is near the level of $ 0.2450.
The main support is $ 0.2420. If there is a disadvantage under the support of USD 0.2420, the price could continue to decrease. In the specified case, the price can drop at short notice in the direction of the level of $ 0.2350 or even USD 0.2220.
Technical indicators
Hourly MacD – The MACD for Doge/USD now loses dynamics in the bullish zone.
Every hour RSI (relative strength index) – the RSI for Doge/USD is now below the level of 50.
Main support levels – $ 0.2500 and $ 0.2420.
Main resistance level – $ 0.2550 and $ 0.2620.
