Dogecoin started to decline from the 0.1850 region of the US dollar against the US dollar. Doge is now correcting the loss and may find facial disorders close to $0.1740.
- Doge Price failed to clear $0.1880 and corrected the gains.
- Prices trade below the $0.1750 level and the 100-hour simple moving average.
- On the hourly chart of the Doge/USD pair (Kraken’s data source), there is a key bearish trend line forming with a resistance of $0.1725.
- If the price clears the $0.1780 resistance zone, the price may start a new rise.
Dogecoin price falls again
Dogecoin Price failed to clear the $0.1880 region, such as Bitcoin and Ethereum. Doge fell below the $0.1800 and $0.1750 support levels.
Finally, it tested the $0.1680 area. The price is low at $0.1685 and now the price is trying to recover from the wave. It climbed to a $0.170 rise and rose to a 23.6% FIB retracement level from 0.1843 selling price to 0.1685 $0.1685.
Dogecoin price is now trading below $0.1750, while the 100-hour simple moving average. Immediate resistance on the rise is close to the $0.1720 level. On the hourly chart of the Doge/USD pair, there is also a key bearish trend line with a resistance of $0.1725.
The Bulls’ first major resistance may be close to the $0.1765 level, and a 50% FIB retracement level from the 0.1843 price to the 0.1685 price of $0.1685 low. The next major resistor is close to the $0.1780 level. Turning off resistors above $0.1780 may shift the price to a resistor of $0.1850. More benefits may send the price to the $0.1880 level. The next major site for the Bulls could be $0.200.
Another decline of the Governor?
If Doge’s price can’t climb above $0.1740, it may drop again. The initial support for disadvantages is close to the $0.1685 level. The next major support is close to the $0.1650 level.
The main support is $0.1600. Prices may drop further if the downside breaks are below $0.160 supported. In the case of statements, the price may drop to $0.1550, or even drop to $0.1450 in the short term.
Technical Indicators
Hourly MACD – Doge/USD’s MACD is now losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – Doge/USD’s RSI is now below level 50.
Main support levels – $0.1685 and $0.1650.
Major Resistance Levels – $0.1740 and $0.1780.
