Dogecoin has started a new decrease less than $ 0.1720 against the US dollar. Dog tested $ 0.1650 and is now trying to recover about $ 0.180.
- Doge Price has started a new decrease less than $ 0.1750 and $ 0.1720.
- The price is traded higher than the level of $ 0.170 and the simple moving average is 100 hours.
- There is a bullish trend connected with support at 0.1680 dollars on an hour’s chart for a Doge/USD (data source from Kraken).
- The price may gain a bullish momentum if it wipes the resistance levels $ 0.1750 and $ 0.1800.
Dogecoin eyes price recovery
Dogcoin price has started a new decrease less than $ 0.1750, such as Bitcoin and Ethereum. Dog has decreased to less than $ 0.1720 and $ 0.1700 support. Until it rose less than $ 0.1650.
A decrease has been formed at $ 0.1646 and prices are now trying to return a strong return. There was a step higher than $ 0.1680. Bulls paid the price higher than the Rendraction level by 50 % of the declining movement of the alternative of $ 0.1791 to a decrease of $ 0.1646.
The DOGECOIN price is now trading higher than $ 0.1680 and a simple moving average 100 hours. There is also a bullish trend connected with support at 0.1680 dollars on an hour -used graph for the DOGE/USD pair.
The immediate resistance on the upper side is approaching the level of $ 0.1755 or the level of FIB re -declining by 76.4 % of the transition to the bottom of the 0.1791 dollar swing to $ 0.1646. The first main resistance of the bulls can be near the level of $ 0.1780.
The next main resistance approaches the level of $ 0.1800. A top closing of $ 0.1800 may send the price to $ 0.1850 resistance. Any other gains may send the price to a level of $ 0.2000. The next main station may be $ 0.2050.
More losses in Doug?
If the price of Dog fails to rise above the level of $ 0.1755, another decrease may start. Initial support on the negative side is near the level of $ 0.1720. The next main support is near the level of $ 0.1680.
The main support sits at $ 0.1650. If there is a break on the negative side without support of $ 0.1650, the price may decrease more. In the specified case, the price may decrease towards a level of $ 0.1620 or even 0.1550 dollars 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 higher than 50 level.
Main support levels – $ 0.1680 and $ 0.1650.
Main resistance levels – $ 0.1755 and $ 0.1800.
