Dogecoin (DOGE) Slips Once More—Bears Tighten Grip | Crypto News
Dogecoin began a recent decline from the $0.1880 zone against the US Dollar. DOGE is now consolidating losses and may recuperate if it clears $0.1780.
- DOGE price began a recent decline below the $0.1880 and $0.180 ranges.
- The price is trading below the $0.180 degree and the 100-hourly easy shifting average.
- There is a short-term bearish development line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair (information source from Kraken).
- The price may begin a recent decline if it declines below the $0.180 zone.
Dogecoin Price Dips Again
Dogecoin price began a recent decline after it failed to clear the $0.1880 zone, like Bitcoin and Ethereum. DOGE declined below the $0.1800 and $0.1750 ranges.
The bears even pushed the price below the $0.1720 degree. A low was fashioned at $0.1695 and the price is now consolidating losses below the 23.6% Fib retracement degree of the downward transfer from the $0.2064 swing high to the $0.1697 low.
Dogecoin price is now trading below the $0.180 degree and the 100-hourly easy shifting average. There is also a short-term bearish development line forming with resistance at $0.1760 on the hourly chart of the DOGE/USD pair.
Immediate resistance on the upside is close to the $0.1760 degree. The first main resistance for the bulls may very well be close to the $0.1785 degree. The next main resistance is close to the $0.180 degree. A close above the $0.180 resistance may ship the price toward the $0.1880 resistance. It is close to the 50% Fib retracement degree of the downward transfer from the $0.2064 swing high to the $0.1697 low.
Any more positive factors may ship the price toward the $0.200 degree. The next main stop for the bulls is likely to be $0.2120.
More Losses In DOGE?
If DOGE’s price fails to climb above the $0.180 degree, it may begin one other decline. Initial help on the draw back is close to the $0.1720 degree. The next main help is close to the $0.1700 degree.
The most important help sits at $0.1680. If there’s a draw back break below the $0.1680 help, the price may decline additional. In the said case, the price may decline toward the $0.1550 degree or even $0.1525 in the close to time period.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now shedding momentum in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 degree.
Major Support Levels – $0.1700 and $0.1680.
Major Resistance Levels – $0.1760 and $0.1800.
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