Dogecoin Breaks Key Levels — Correction or Loss of Bullish E
koinmilyoner
Updated at: 13 hours ago
{"content":"Dogecoin Breaks Key Levels — Correction or Loss of Bullish Energy?
From $0.250 versus the US Dollar, Dogecoin fell again. DOGE is consolidating and may go below $0.2220.
DOGE fell below $0.2350 again.
Below $0.2320 and the 100-hourly simple moving average.
The hourly DOGE/USD chart shows a negative trend line with resistance at $0.2280.
If it breaks $0.2280 and $0.2350 barrier, the price may rise again.
Dogecoin Price Expects Recovery
After breaking the $0.250 barrier zone, Dogecoin fell below Bitcoin and Ethereum. Below $0.2350 and $0.2320 support, DOGE fell.
The fall accelerated below $0.2300. The price is consolidating losses after a $0.2225 low. The hourly DOGE/USD chart shows a negative trend line with resistance at $0.2280.
Dogecoin is below $0.2320 and the 100-hourly SMA. Resistance on the upswing is approaching $0.2280 and the 23.6% Fib retracement level of the decline from $0.2486 swing high to $0.2225 low.
Bulls may encounter their first significant barrier at $0.2350 or the 50% Fib retracement level of the decline from $0.2486 swing high to $0.2225 low. Near $0.2420 is the next significant resistance. A closing above $0.2420 might push pricing above $0.250. More advances might push the price toward $0.2550. Bulls may halt at $0.2650 next.
DOGE Downside Correction?
DOGE's price may fall if it fails to break $0.2280. Initial downside support is $0.2220. Near $0.2120 is the next important support.
The major support is $0.2050. If the price breaks $0.2050, it might fall further. The price may fall to $0.1980 or $0.1920 in the short term.
Tech Indicators
DOGE/USD's hourly MACD is becoming negative.
DOGE/USD's hourly RSI is below 50.
Major Support Levels: $0.2220, $0.2120.
Key Resistance Levels: $0.2280, $0.2350.
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