Dogecoin has started a new decrease less than $ 0.270 against the US dollar. DOGE is now unified and may face obstacles near $ 0.2550.
- Doge Price has started a new decrease from $ 0.270 and $ 0.260.
- The price is traded less than the level of $ 0.260 and the simple moving average is 100 hours.
- There is a declining directional line connected to resistance at $ 0.2560 on an hour's chart for a Doge/USD (data source from KAKEN).
- The price can start another increase if it wipes the resistance levels 0.2560 dollars and 0.2600 dollars.
The price of Dogecoin faces resistance
Dogecoin Price has started a new decrease from the 0.2840 resistance area, such as Bitcoin and Ethereum. Dog has decreased to less than $ 0.270 and $ 0.260 support. It even rose to less than $ 0.250.
A decrease has been formed at $ 0.2420 and the prices are now trying to recover. There was a higher step than the RENDRATION level 23.6 % of the descending wave from an increase of $ 0.2830 to a decrease of $ 0.2420. The price was wiped to the resistance level of $ 0.2500.
Dogecoin price is now trading below $ 0.260 and a simple moving average for 100 hours. The immediate resistance is located on the upward trend near the level of $ 0.2550. There is also a declining trend line that is formed with resistance at $ 0.2560 on the watch graph for the DOGE/USD pair.
The first main resistance of the bulls can be near the level of $ 0.2620 or a 50 % fiber re -declining level of the descending wave of a 0.2830 dollar to 0.2420 dollars. The following main resistance is approaching the level of $ 0.2670.
A closure on $ 0.2670 may be sent to $ 0.300 resistance. 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 $ 0.260, another decrease may start. Initial support on the downside is near the level of $ 0.2480. The next main support is near the level of $ 0.2420.
The main support sits at $ 0.2350. If there is a break on the downside without support of $ 0.2350, the price may decrease more. In the specified case, the price may decrease towards a level of $ 0.2220 or even $ 0.2150 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 less than 50 level.
Main support levels – $ 0.2480 and $ 0.2420.
Main resistance levels – $ 0.2600 and $ 0.2620.