Dogecoin began a new decrease in the $ 0.2250 area against the US dollar. Doge is now consolidating losses and could recover if he deletes $ 0.20.
- Doge Price began a new decrease below $ 0.220 and $ 0.20 levels.
- The price is quoted below the level of $ 0.20 and the simple mobile average of 100 hours.
- There is a connection bullish trend line that is formed with a support of $ 0.1910 in the AGE/USD -hour graph (Kraken data source).
- The price could begin a new increase if the $ 0.20 resistance zone erases.
Dogecoin Price has support
Dogecoin Price began a new decrease after he failed to erase the area of ​​$ 0.2450, unlike Bitcoin and Ethereum. Doge decreased below $ 0.220 and $ 0.20 levels.
The Bears even exceeded the price below the level of $ 0.1920. A minimum formed at $ 0.1855 and the price is now consolidating losses. There was a minor increase above the FIB recoil level of 23.6% of the downward movement of the change of $ 0.2279 to the maximum to the minimum of $ 0.1855.
Dogecoin Price is now quoted below the level of $ 0.20 and the simple mobile average of 100 hours. There is also a connection bullish trend line that is formed with $ 0.1910 support in the table per hour of the Dogado/USD torque.
The immediate resistance in the advantage is close to the level of $ 0.20. The first important resistance for Bulls could be close to the level of $ 0.2060. It is close to the 50% FIB retreat level from the downward movement from the $ 0.2279 high to the minimum of $ 0.1855.
The next main resistance is close to the level of $ 0.2120. A closure above the $ 0.2120 resistance could send the price to the resistance of $ 0.2250. More earnings can send the price to the level of $ 0.2340. The next main stop for the Bulls could be $ 0.250.
More losses in Doge?
If Doge’s price does not rise above the level of $ 0.20, another decrease could begin. The initial support at the disadvantage is close to the level of $ 0.1910 and the trend line. The following main support is close to the level of $ 0.1850.
The main support is at $ 0.1720. If there is a downward rest below the $ 0.1720 support, the price could decrease even more. In the established case, the price could decrease towards the level of $ 0.1650 or even $ 0.1550 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: $ 0.1910 and $ 0.1855.
Main resistance levels: $ 0.2000 and $ 0.2060.
