Dogecoin has started a new decrease less than $ 0.2620 against the US dollar. Dog is now uniting and struggling to scan $ 0.2550 resistance.
- Doge Price has started a new decrease from $ 0.270 and $ 0.2620.
- The price is traded below a level of $ 0.2580 and a simple moving average 100 hours.
- There was a break over the landline line connected to the resistance at $ 0.2540 on the clock chart for the DOGE/USD (data source from Kraken).
- The price can start another increase if it wipes the resistance levels 0.2550 dollars and $ 0.2620.
Dogecoin Price struggles to obtain a pace
The price of Dogcoin has started a new decrease less than $ 0.2750, unlike Bitcoin and Ethereum. Dog fell to less than $ 0.270 and $ 0.2620 support levels. It even rose to less than 0.2550 dollars.
A decrease has been formed at $ 0.2420 and the prices are now trying to recover. There was a higher step from the level of FIB re -declining by 23.6 % of the move to the bottom of the alternative of $ 0.2830 to a decrease of $ 0.2420. There was also a break over the landline line connected to a resistance at $ 0.2540 on the watch chart for the DOGE/USD pair.
However, the husband struggles for stability above the resistance level of $ 0.2550. Dogoin price is now trading below $ 0.2540 and a simple moving average 100 hours. The immediate resistance is located on the upward trend near the level of $ 0.2550.
The first main resistance of the bulls can be near the level of $ 0.2625 or the level of FIB's re -imitation by 50 % of the declining move from a height of $ 0.2830 to $ 0.2420. The next main resistance approaches the level of $ 0.2720.
A top closing of $ 0.2720 may send the price to $ 0.300. Any other gains may send the price to a level of $ 0.320. The next main station may be $ 0.3420.
Another retreat in Dog?
If the price of Dog fails to rise above the level of 0.2550 dollars, another decrease may start. Initial support on the downside is near the level of $ 0.2500. The next main support is near the level of $ 0.2450.
The main support sits at $ 0.2420. If there is a negative break less than $ 0.2420, the price may decrease more. In the specified case, the price may decrease towards a level of $ 0.2350 or even $ 0.2220 in the short term.
Technical indicators
Every MACD – MACD for DOGE/USD is now losing momentum in the upscale area.
RSI Hour (Relative Power Index) – RSI for DOGE/USD is now less than 50 level.
Main support levels – $ 0.2500 and $ 0.2420.
Main resistance levels – $ 0.2550 and $ 0.2620.