Dogecoin began a new increase in the $ 0.1650 area against the US dollar. Doge is now gaining rhythm and could rise to the $ 0.185 area.
- Doge Price began a new increase above $ 0.170 and $ 0.172.
- The price is quoted above the level of $ 0.1750 and the simple mobile average of 100 hours.
- There is a connection bullish trend line that is formed with $ 0.1740 support in the AGE/USD (Kraken data source).
- The price could begin a new increase if it erases the resistance zone of $ 0.180.
Dogecoin Price points higher
Dogecoin Price began a new increase after finding a support about $ 0.1650, such as Bitcoin and Ethereum. Doge rose and recovered above the resistance zone of $ 0.170.
The Bulls even exceeded the price above the 50% FIB retreat level of the movement to the change of $ 0.1843 at the level of $ 0.1642. In addition, there is a connection bullish trend line that is formed with $ 0.1740 support in the Doge/USD torque.
Dogecoin Price is now quoted above the level of $ 0.1750 and the single mobile average of 100 hours. The immediate resistance in the advantage is close to the level of $ 0.1780.
The first important resistance for the Bulls could be close to the level of $ 0.1790 and the FIB recoil level of 76.4% of the downward movement from the $ 0.1843 swing to the maximum to the minimum of $ 0.1642. The next main resistance is close to the level of $ 0.1840. A closure above the resistance of $ 0.1840 could send the price to the resistance of $ 0.1880. More earnings can send the price at $ 0.1920. The next main stop for the Bulls could be $ 0.200.
Another decrease in doge?
If Doge’s price does not rise above the level of $ 0.1790, another decrease could begin. The initial support at the disadvantage is close to the level of $ 0.1740. The following main support is close to the level of $ 0.1720.
The main support is at $ 0.1650. If there is a downward rest below the $ 0.1650 support, the price could decrease even more. In the established case, the price could decrease towards the level of $ 0.1550 or even $ 0.1450 in the short term.
Technical indicators
MACD per hour: The MacD for Doge/USD is now gaining impulse in the upward zone.
RSI per hour (relative force index): The RSI for Doge/USD is now above the level of 50.
Important support levels: $ 0.1740 and $ 0.1720.
Main levels of resistance: $ 0.1790 and $ 0.1850.
