Dogecoin began a new decrease in the $ 0.180 area against the US dollar. Doge is consolidating and could have difficulty recovering above $ 0.1680.
- Doge Price began a new decrease below the levels of $ 0.1750 and $ 0.170.
- The price is quoted below the level of $ 0.1680 and the single mobile average of 100 hours.
- There was a break below a key bullish trend line that was formed with support of $ 0.170 in the Doge/USD torque chart (Kraken data source).
- The price could extend the losses if it breaks the support zone of $ 0.1550.
Dogecoin Price is submerged again
Dogecoin Price began a new decrease after he failed to eliminate $ 0.180, such as Bitcoin and Ethereum. Doge submerged below the support levels of $ 0.1750 and $ 0.1720.
There was a break below a key bullish trend line that was formed with support of $ 0.170 in the table per hour of the duo/USD target. The bears were able to exceed the price below the support level of $ 0.1620. It was even negotiated near the $ 0.1550 support.
A minimum was formed at $ 0.1555 and the price is now consolidating losses. There was a minor movement above the FIB recoil level of 23.6% of the downward movement of the change of $ 0.180 to the maximum to the minimum of $ 0.1555.
Dogecoin Price is now quoted below the level of $ 0.170 and the single mobile average of 100 hours. The immediate resistance in the advantage is close to the level of $ 0.1650. The first important resistance for Bulls could be close to the level of $ 0.1680. It is close to the 50% FIB retreat level from the downward movement from the $ 0.180 swing to a maximum of $ 0.1555.
The next main resistance is close to the level of $ 0.1740. A closure above the resistance of $ 0.1740 could send the price towards the resistance of $ 0.180. More earnings can send the price to the level of $ 0.1880. The next main stop for the Bulls could be $ 0.1950.
Another decrease in doge?
If Doge’s price does not rise above the level of $ 0.170, another decrease could begin. The initial support at the disadvantage is close to the level of $ 0.160. The following main support is close to the level of $ 0.1550.
The main support is at $ 0.150. If there is a downward break below the $ 0.150 support, the price could decrease even more. In the established case, the price could decrease towards the level of $ 0.1320 or even $ 0.120 in the short term.
Technical indicators
MacD per hour: The MacD for Doge/USD is now losing impulse in the bearish zone.
RSI per hour (relative force index): The RSI for Doge/USD is now above the level of 50.
Important support levels: $ 0.1600 and $ 0.1550.
Main resistance levels: $ 0.1680 and $ 0.1740.
