Dogecoin decreased greatly below the support of $ 0.280 against the US dollar. Doge is now recovering and could face obstacles about $ 0.270.
- Doge Price began a new decrease below the support levels of $ 0.2850 and $ 0.2650.
- The price is quoted below the level of $ 0.280 and the simple mobile average of 100 hours.
- There is a large line of bearish trend that is formed with resistance at $ 0.270 in the GRAPH per hour of the DEGE/USD (Kraken data source).
- The price could begin another increase if it erases the resistance levels of $ 0.250 and $ 0.270.
Dogecoin Price is submerged 30%
Dogecoin Price began a new decrease in the resistance zone of $ 0.3250, such as Bitcoin and Ethereum. Doge submerged below the support levels of $ 0.300 and $ 0.2750. He even shot below $ 0.220.
The price decreased more than 25% and tested the $ 0.20 zone. A minimum formed at $ 0.20 and the price is now increasing. There was a movement above the FIB retreat level of 23.6% of the downward movement of the change of $ 0.3416 to the maximum of $ 0.20.
Dogecoin Price is now quoted above the level of $ 0.280 and the simple mobile average of 100 hours. The immediate resistance in the advantage is close to the level of $ 0.250. The first important resistance for Bulls could be close to the level of $ 0.260.
The next main resistance is close to the level of $ 0.270 or the FIB retreat level of 50% of the upward movement of the change of $ 0.3416 to the maximum of $ 0.20. There is also a large line of bearish trend that is formed with resistance at $ 0.270 in the table per hour of the duo/USD target.
A closure above the $ 0.270 resistance could send the price to the resistance of $ 0.2880. More earnings can send the price at $ 0.30. The next main stop for the Bulls could be $ 0.320.
Another decrease in doge?
If Doge’s price does not rise above the level of $ 0.250, another decrease could begin. The initial support at the disadvantage is close to the level of $ 0.2250. The following main support is close to the level of $ 0.2150.
The main support is at $ 0.20. If there is a downward break below the $ 0.20 support, the price could decrease even more. In the established case, the price could decrease towards the level of $ 0.1880 or even $ 0.1650 in the short term.
Technical indicators
MacD per hour: The MacD for Doge/USD is now gaining impulse in the bearish zone.
RSI per hour (relative force index): The RSI for Doge/USD is now below the level of 50.
Main support levels: $ 0.2250 and $ 0.2150.
Main levels of resistance: $ 0.2500 and $ 0.2700.
