Dogecoin began a new increase compared to the zone for $ 0.1650 against the US dollar. Currently, Doge is gaining momentum and can rise to the zone for $ 0.185.
- Price DOGE has begun a new increase above levels 0.170 US dollars and $ 0.172.
- The price is traded above the level of 0.1750 US dollars and a 100-hour simple sliding average.
- In the hourly diagram of the DOGE/USD pair (source source from Kraken), there is a connecting line of the bull trend, which is formed with the support of $ 0.1740.
- The price may begin a new increase if it cleanses the resistance zone in the amount of $ 0.180.
Dogecoin price is aimed above
The price of Dogecoin began a new increase after it discovered the support of about $ 0.1650, for example, Bitcoin and Ethereum. Rain rose and recovered over the resistance zone of 0.170 dollars in the United States.
The bulls even prompted the price above the level of recovery by 50% by the descending movement from high swing of $ 0.1843 to a low level of $ 0,1642. In addition, the hourly schedule of the DOGE/USD pair contains a bovine trend connecting line with a support of $ 0.1740.
The price of Dogecoin is currently trading above 0.1750 US dollars and a 100-hour simple sliding medium. Direct resistance at the top is near the level of $ 0.1780.
The first main resistance for bulls can be at 0.1790 US dollars, and the FIB recovery level is 76.4% when moving down compared to a high swing of $ 0.1843 to a low level of $ 0.1642. The next serious resistance is near the level of $ 0.1840. Close above the resistance in the amount of $ 0.1840 can lead to a resistance of $ 0.1880. Any benefits can send the price to the level of $ 0.1920. The next large stop for bulls can be 0.200 dollars.
Another decline in the dog?
If the price of the Doga does not rise above the level of $ 0.1790, it can start another decrease. Initial support for a deficiency is at about $ 0.1740. The next large support is located next to the level of $ 0.1720.
The main support costs $ 0.1650. If there is a break below support in the amount of $ 0.1650, the price may decrease further. In the declared case, the price may decrease to the level of $ 0.1550 or even $ 0.1450 in the near future.
Technical indicators
The hourly MACD – MACD for DOGE/USD is now gaining momentum in the bull zone.
The hourly RSI (relative force index) – RSI for DOGE/USD is now higher than the level of 50.
The main support levels are 0.1740 US dollars and $ 0.1720.
The main levels of resistance are 0.1790 US dollars and $ 0.1850.
