Dogecoin has begun a new reduction in the $ 0.180 area for US dollars. Doges are integrated and can struggle to restore $ 0.1680 or later.
- The Doge Price has begun a new reduction of $ 0.1750 and $ 0.170.
- The price is traded below a simple moving average of less than $ 0.1680.
- There was a break under the main strong trend line formed by the support of $ 0.170 in the time chart of the Doge/USD pair.
- The price can be extended by violating the $ 0.1550 support area.
Dogecoin price drops again
Dogecoin Price started a new reduction after failing to liquidate $ 0.180 like Bitcoin and Ethereum. The DOGE has fallen below the support level of $ 0.1750 and $ 0.1720.
There was a break under the main optimistic trend, formed by the support of $ 0.170 in the time chart of Doge/USD pairs. The bear was able to pursue the price below $ 0.1620. It was even close to the support of $ 0.1550.
The minimum is formed at $ 0.1555 and the price is now integrated. After 23.6% FIB of downward movement, the level was back at $ 0.180 at $ 0.1555 at $ 0.1555.
Dogecoin Price is now trading below a simple moving average of less than $ 0.170. The immediate resistance of the rise is close to $ 0.1650. The first main resistance of the bull may be close to $ 0.1680. It is close to the level of 50% FIB from the $ 0.1555 at $ 0.180 swing height.
The following main resistance is close to $ 0.1740. Due to more than $ 0.1740, the price can be sent to $ 0.180. No more profit can spend the price to $ 0.1880. The next major stop of the bull can be $ 0.1950.
Another decrease in Doge?
Another reduction may begin if the price of the Doge does not rise to $ 0.170 or higher. The initial support of the shortcomings is close to $ 0.160. The next major support is close to $ 0.1550.
The main support is $ 0.150. If the shortcomings are discontinued than the $ 0.150 support, the price may fall further. If specified, the price can fall to $ 0.1320 or $ 0.120 in the short term.
Technical indicator
MACD -DOGE/USD MACD is currently losing its driving force in the weak area.
Time RSI (Relative Strength Index) -RSI of Doge/USD now exceeds 50 levels.
Major support levels -$ 0.1600 and $ 0.1550.
Main resistance level -$ 0.1680 and $ 0.1740.