Dogecoin has started a recovery wave over the $ 0.250 at the US dollar. DOGE is now unified and may face obstacles near $ 0.2655.
- Doge Price has started a recovery wave higher than $ 0.2500 and $ 0.2520.
- The price is traded higher than 0.250 dollars and the simple moving average is 100 hours.
- There was a break over the landline line connected to the resistance at $ 0.2515 on the clock chart for the DOGE/USD (data source from Kraken).
- The price can start another increase if it scanned the resistance levels of $ 0.260 and 0.2655 dollars.
The price of Dogecoin faces resistance
Dogecoin Price has started a new decrease from the 0.2940 dollar resistance area, such as Bitcoin and Ethereum. Dog has decreased to less than $ 0.280 and 0.2655 dollars support levels. Until it rose less than $ 0.250.
A decrease has been formed at $ 0.2388 and the price is now rising. There was a higher step than the RERERERRERDING level 23.6 % of the descending wave of the alternative of $ 0.293 to a low level of $ 0.2388. The price was wiped to the resistance level of $ 0.2500.
There was a break over the resistance’s landline, at 0.2515 dollars on an hour -used graph for a Doge/USD. The DOGECOIN price is now trading higher than $ 0.250 and a simple moving average 100 hours. The immediate resistance is located on the upward trend near the level of $ 0.260.
The first main resistance of the bulls can be near the level of $ 0.2655 or a 50 % FIB re -imitation level for the descending wave of the alternative of $ 0.2933 to $ 0.2388. The following main resistance is approaching the level of $ 0.2725.
The closure of a higher resistance of $ 0.2725 may be sent the price 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 $ 0.2520. The next main support is near the level of $ 0.250.
The main support sits at $ 0.2380. If there is a break on the downside without support of $ 0.2380, the price may decrease more. In the specified case, the price may decrease towards a level of $ 0.2250 or even $ 0.2120 in the short term.
Technical indicators
Every MACD Watch – MACD is acquired for Doge/USD the momentum now in the upper area.
RSI Hour (Relative Power Index) – RSI for DOGE/USD is now higher than 50 level.
Main support levels – $ 0.2520 and $ 0.2500.
Main resistance levels – $ 0.2600 and $ 0.2655.
