Dogecoin has started a new decrease from $ 0.180 against the US dollar. Doge is merged and may struggle to recover more than $ 0.1680.
- Doge Price has started a new decrease from $ 0.1750 and $ 0.170.
- The price is traded less than a level of $ 0.1680 and a simple moving average 100 hours.
- There was a lower break from the main bullish trend line that is formed with support at $ 0.170 on the hourly chart for the DOGE/USD (data source from Kraken).
- The price can extend the losses if the support area is broken $ 0.1550.
The price of Dogecoin decreased again
Dogecoin Price began a new decrease after failing to remove $ 0.180, such as Bitcoin and Ethereum. Dog has decreased to less than $ 0.1750 and $ 0.1720 support levels.
There was a lower break from the main bullish trend line that is formed with support at $ 0.170 on the hourly graph for the DOGE/USD pair. The bears managed to pay the price below the level of support of $ 0.1620. It was even traded near $ 0.1550 support.
A decrease has been formed at $ 0.1555 and the prices are now enhancing losses. There was a simple step higher than the Rernerment level 23.6 % of the declining move from the 0.180 dollar swing to a decrease of $ 0.1555.
Dogoin price is now trading below $ 0.170 and a simple moving average for 100 hours. The immediate resistance is located on the upward trend near the level of $ 0.1650. The first main resistance of the bulls can be near the level of $ 0.1680. It is near the RERLERERTER 50 % of the declining move from a 0.180 dollar swing to a decrease of $ 0.1555.
The next main resistance approaches the level of $ 0.1740. The closure of a higher resistance of $ 0.1740 may send the price to $ 0.180 resistance. Any other gains may send the price to a level of $ 0.1880. The next main station may be $ 0.1950.
Another retreat in Dog?
If the price of Dog fails to rise above the level of $ 0.170, another decrease may start. Initial support on the downside is near the level of $ 0.160. The next main support is near the level of $ 0.1550.
The main support sits at $ 0.150. If there is a break on the downside without support of $ 0.150, the price may decrease more. In the specified case, the price may decrease towards a level of $ 0.1320 or even $ 0.120 in the short term.
Technical indicators
Every MACD – Macd for Dogss/USD now loses momentum in the Habboudia.
RSI Hour (Relative Power Index) – RSI for DOGE/USD is now higher than 50 level.
Main support levels – $ 0.1600 and $ 0.1550.
Main resistance levels – $ 0.1680 and $ 0.1740.