Dogecoin declined below the $0.14 support against the US Dollar. DOGE tested the $0.070 support and now aims a fresh move above the $0.10 resistance.
- DOGE started a fresh decline below the $0.14 and $0.12 levels against the US dollar.
- The price is trading well below the $0.110 zone and the 100 simple moving average (4-hours).
- Došlo je do probijanja iznad ključne medvjeđe linije trenda sa otporom blizu 0.088 dolara na 4-satnom grafikonu DOGE/USD para (izvor podataka iz Kraken).
- Par mora ostati iznad zone podrške od $0.070 kako bi izbjegao više gubitaka.
Cijena Dogecoina ima za cilj novo povećanje
In the past few days, dogecoin saw a major decline from well above the $0.14 level. DOGE declined below the $0.12 and $0.10 support levels, similar Bitcoin i ethereum.
The price even broke the $0.085 support and tested the $0.07 support zone. A low was formed near $0.0699 before the bulls took a stand. The price formed a base above the $0.07 level and recently started a recovery wave.
There was a move above the $0.075 and $0.080 levels. Besides, there was a break above a key bearish trend line with resistance near $0.088 on the 4-hours chart of the DOGE/USD pair. The price is now trading well below the $0.110 zone and the 100 simple moving average (4-hours).
On the upside, the price is facing resistance near the $0.0915 level. It is near the 23.6% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low.
Izvor: DOGEUSD na TradingView.com
The first major resistance is near the $0.1100 level and the 100 simple moving average (4-hours). Any more gains above the $0.1100 zone could encourage the bulls to aim a test the 50% Fib retracement level of the downward move from the $0.1609 swing high to $0.0699 low at $0.115.
Svježi pad u DOGE?
If DOGE price fails to gain pace above the $0.10 level, it could start another decline. An initial support on the downside is near the $0.0820 level.
The next major support is near the $0.070 level. If there is a downside break below the $0.070 support, the price could decline further. The main support is near the $0.0500 level. Any more losses could open the doors for a move towards the $0.0450 level.
Tehnički indikatori
Četvorosatni MACD - MACD za DOGE / USD sada uzima maha u bikovskoj zoni.
4-satni RSI (indeks relativne snage) - RSI za DOGE / USD sada je iznad nivoa 50.
Glavni nivoi podrške - 0.0850, 0.0800 i 0.0700 dolara.
Glavni nivoi otpora - 0.0915, 0.1000 i 0.1100 dolara.
Source: https://www.newsbtc.com/analysis/dogecoin-doge-prints-bullish-pattern-0-11/