Dogecoin (Doge) is trading at $ 0.1683, a decrease of 3.46 % in the past 24 hours. With the maximum market of $ 25 billion, the famous Mimi currency remained in the eighth place in terms of the market value of the encrypted currency.
The placing of the encryption market is not safe at this time, especially when Bitcoin tries to break the pre -determined resistance levels.
Doug Price Analysis:
Dokwin It has formed a similar triangular style since early March, characterized by the highest levels and the highest levels that converge about the outlight. This monotheism follows a tremendous trend of 0.22-0.24 dollars. Prices were tightened within the formation of this triangle, indicating that the decisive step is about to happen with the pattern reaching its conclusion.
The main support in the upward trend lies is about $ 0.165, while the immediate resistance was established at $ 0.172. The collapse above this level can target $ 0.180 with a stronger resistance of about $ 0.20350.
At about $ 0.1704, 20 EMA is closest to the price and operates as an immediate resistance at the present time. There is a sale pressure on this level because the price was unable to keep moves above this short -term average. At $ 0.1721, 50 EMA creates a minor resistance area slightly higher than the current price. Horizontal resistance line at $ 0.17213 and this level consists.
About $ 0.1804, 100 EMA trading higher. This is an important medium -term barrier that the price has not experienced since early March. Nearly $ 0.2031, 200 EMA is much higher, indicating the total declining market structure and the extent of the DOGECOIN deviation from its average in the long run.
RSI reached 42.77 and is a sign of neutral momentum. However, because the value is less than 50, the relative strength index on the downward side is still slightly. Investors seem to be not looking for the best purchase, as they focus on domains within technical barriers instead.
Doug Price Goals:
If Dogecoin is broken over the similar triangle style with condemnation, the first bullish goal will be $ 0.18075. Next, the level of $ 0.20350 represents a large resistance area that can be tested. A break over this area can open about $ 0.22.
If the price decreases below $ 0.165, the primary negative side goal will be 0.155-0.158 dollars. In the event of an increase in the pressure pressure, Dogecoin can re -test the minimum levels of March near $ 0.14.
What next?
If Doge exceeds $ 0.16790, he may try to recover. However, a decrease below this level can indicate more from the movement of the negative side in the short term.
