Dogecoin against the US dollar has started to decline again, breaking below $0.270. DOGE is currently consolidating and may face resistance near $0.2550.
DOGE price has started to decline again, breaking below $0.270 and $0.260.
The price is trading below $0.260 and the 100-hour simple moving average.
On the hourly chart for the DOGE/USD pair, there is a connected bearish trend line with a resistance level at $0.2560 (data sourced from Kraken).
If the price clears the resistance levels at $0.2560 and $0.2600, the price may rise again.
Dogecoin price faces resistance
Dogecoin price has started to decline again from the resistance area of $0.2840, just like Bitcoin and Ethereum. DOGE has broken below the support levels of $0.270 and $0.260. It even surged below $0.250.
$0.2420 has formed a low, and the price is now trying to recover. There has been a fluctuation above the 23.6% Fib retracement level from the swing high of $0.2830 to the swing low of $0.2420. The price even cleared the resistance level of $0.2500.
The price of Dogecoin is now trading below $0.260 and the 100-hour simple moving average. The immediate resistance level is close to $0.2550. There is also a bearish trend line connected to the resistance line at $0.2560 on the hourly chart of DOGE/USD.
The first major resistance for bulls may be close to the $0.2620 level, or the 50% Fib retracement level from the swing low of $0.2420 to the swing high of $0.2830. The next major resistance is near the $0.2670 level.
A closing price above the resistance at $0.2670 could lead the price towards the resistance level of $0.300. Any further gains could push the price to the level of $0.320. The next major target for the bulls could be $0.3420.
Is DOGE declining again?
If the price of DOGE fails to rise above $0.260, it may start to decline again. The initial support level to the downside is near $0.2480. The next major support level is near $0.2420.
The main support level is at $0.2350. If there is a downward breakout below the support level of $0.2350, the price may decline further. In this case, the price could drop to $0.2220 or even $0.2150 in the short term.
Technical indicators
Hourly MACD - The MACD for DOGE/USD is currently losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) - The RSI for DOGE/USD is currently below the 50 level.
Major support levels - $0.2480 and $0.2420.
Major resistance levels - $0.2600 and $0.2620.
Dogecoin against the US dollar has started to decline again, breaking below $0.270. DOGE is currently consolidating and may face resistance near $0.2550.
DOGE price has started to decline again, breaking below $0.270 and $0.260.
The price is trading below $0.260 and the 100-hour simple moving average.
On the hourly chart for the DOGE/USD pair, there is a connected bearish trend line with a resistance level at $0.2560 (data sourced from Kraken).
If the price clears the resistance levels at $0.2560 and $0.2600, the price may rise again.
Dogecoin price faces resistance
Dogecoin price has started to decline again from the resistance area of $0.2840, just like Bitcoin and Ethereum. DOGE has broken below the support levels of $0.270 and $0.260. It even surged below $0.250.
$0.2420 has formed a low, and the price is now trying to recover. There has been a fluctuation above the 23.6% Fib retracement level from the swing high of $0.2830 to the swing low of $0.2420. The price even cleared the resistance level of $0.2500.
The price of Dogecoin is now trading below $0.260 and the 100-hour simple moving average. The immediate resistance level is close to $0.2550. There is also a bearish trend line connected to the resistance line at $0.2560 on the hourly chart of DOGE/USD.
The first major resistance for bulls may be close to the $0.2620 level, or the 50% Fib retracement level from the swing low of $0.2420 to the swing high of $0.2830. The next major resistance is near the $0.2670 level.A closing price above the resistance at $0.2670 could lead the price towards the resistance level of $0.300. Any further gains could push the price to the level of $0.320. The next major target for the bulls could be $0.3420.
Is DOGE declining again?
If the price of DOGE fails to rise above $0.260, it may start to decline again. The initial support level to the downside is near $0.2480. The next major support level is near $0.2420.
The main support level is at $0.2350. If there is a downward breakout below the support level of $0.2350, the price may decline further. In this case, the price could drop to $0.2220 or even $0.2150 in the short term.
Technical indicators
Hourly MACD - The MACD for DOGE/USD is currently losing momentum in the bearish zone.
Hourly RSI (Relative Strength Index) - The RSI for DOGE/USD is currently below the 50 level.
Major support levels - $0.2480 and $0.2420.
Major resistance levels - $0.2600 and $0.2620.