Dogecoin fell significantly less than $ 0.280 against the US dollar. Dog is now recovered and may face obstacles near $ 0.270.
- Doge Price has started a new decrease from $ 0.2850 and $ 0.2650.
- The price is traded below a level of $ 0.280 and a simple moving average 100 hours.
- There is a major downward trend line that is formed with resistance at $ 0.270 on the hourly chart for the DOGE/USD (data source from KAKEN).
- The price can start another increase if it wipes the resistance levels of $ 0.250 and 0.270 dollars.
Dogoin price dive 30 %
Dogecoin Price has started a new decrease from the $ 0.3250 resistance area, such as Bitcoin and Ethereum. Dog has decreased to less than $ 0.300 and $ 0.2750 support levels. Until it rose less than $ 0.220.
The price decreased more than 25 % and the region tested $ 0.20. A decrease has been formed at $ 0.20 and the price is now rising. There was a higher step than the RENDRACTION level 23.6 % of the declining move from the 0.3416 dollar to $ 0.20.
The DOGECOIN price is now trading higher than $ 0.280 and a simple moving average for 100 hours. The immediate resistance is located on the upward trend near the level of $ 0.250. The main main resistance of the oligarchy can be near the level of $ 0.260.
The next main resistance is close to the level of $ 0.270 or the RERRERERDER level of FIB by 50 % of the declining move from the 0.3416 dollar swing to $ 0.20. There is also a major downward trend line that is formed with resistance at $ 0.270 on the clock chart for the DOGE/USD.
The closure of the highest resistance may send $ 0.270 the price towards $ 0.2880 resistance. Any other gains may send the price to a level of $ 0.30. The next main station may be $ 0.320.
Another retreat in Dog?
If the price of Dog fails to rise above the level of 0.250 dollars, another decrease may start. Initial support on the downside is near the level of $ 0.2250. The next main support is near the level of $ 0.2150.
The main support sits at $ 0.20. If there is a break on the downside without support of $ 0.20, the price may decrease more. In the mentioned case, the price may decrease towards a level of $ 0.1880 or even $ 0.1650 in the short term.
Technical indicators
Every MACD Watch – MACD is now acquired for DOGE/USD momentum in the Habboudia.
RSI Hour (Relative Power Index) – RSI for DOGE/USD is now less than 50 level.
Main support levels – $ 0.2250 and $ 0.2150.
Main resistance levels – $ 0.2500 and $ 0.2700.
