Dogecoin Recovers to $0.17 — But Is the Breakout Faltering?
Dogecoin rose beyond $0.160 versus the US Dollar again. DOGE is consolidating and may rise over $0.1700.
Above $0.1520 and $0.160, DOGE price rose again.
The price is above $0.1620 and the 100-hour SMA.
The hourly DOGE/USD chart shows a bullish trend line with support at $0.1650.
If it remains below $0.1680, the price may fall again.
Resistance to Dogecoin Price
Like Bitcoin and Ethereum, Dogecoin rose over $0.1450. DOGE broke through $0.1550 and $0.160 barrier.
Bulls broke $0.1650 barrier. The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $0.1572 swing low to the $0.1699 high.
Dogecoin is above $0.1650 and the 100-hourly SMA. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1650.
Near $0.1680 is immediate upward resistance. Bulls may see first resistance at $0.1720. Near $0.1750 is the next big resistance. A closing above $0.1750 might push pricing toward $0.180. More advances might push the price toward $0.200. Bulls may halt at $0.2120 next.
Another DOGE Drop?
DOGE may fall again if it fails to get beyond $0.1680. The trend line or $0.1660 level provides first downward support. The next key support is at $0.1620, the 61.8% Fib retracement level of the upward advance from $0.1572 swing low to $0.1699 high.
The primary support is $0.160. If the price breaks $0.160, it might fall further. The price may fall to $0.150 or $0.1450 in the short term.
Tech Indicators
Hourly MACD - DOGE/USD MACD is losing bullish momentum.
Hourly RSI (Relative Strength Index): DOGE/USD is over 50.
Key Support Levels: $0.1650, $0.1620.
Major resistance levels: $0.1680, $0.1800.
