Dogecoin (DOGE) Plunges to $0.20: Is This the Bottom or More Pain Ahead?
The decrease of Dogecoin is less than $ 0.280 $ 0.280. Doge is now recovering and may face obstacles of $ 0.270.
- The new decrease of Doge Price is lower than $ 0.2850 and US $ 0.2650.
- The price of price transactions is less than $ 0.280 and a simple moving average level of 100 hours.
- On the hourly chart of the Doge/USD for (Kraken’s data source), there is a major decking trend line formed with a resistance of $ 0.270.
- If the price is removed at a resistance of $ 0.250 and $ 0.270, the price may increase again.
Dogecoin Price dive 30 %
Dogecoin’s price has decreased from a resistance area of ​​$ 0.3250, like Bitcoin and EthereumEssence DOGE declines below $ 0.300 and 0.2750 US dollars. It is even less than $ 0.220.
The price dropped by more than 25 % and tested the area of ​​$ 0.20. The low price is $ 0.20, and the price is now rising. From a autumn of $ 0.3416 to a low of 23.6 % of the FIB retracement at a drop of 23.6 % from a lowering speed of $ 0.20.
The current transaction price of Dogecoin is higher than the level of $ 0.280 and a simple moving average of 100 hours. The immediately rising resistance is close to the level of $ 0.250. The first main resistance of the bull may be close to $ 0.260.
The next main resistance is nearly $ 0.270, or a 50 % FIB retracement level from a low -cost movement from 0.3416 autumn to $ 0.20. There is also a main decoction trend line on the Doge/USD pair of charts with a resistance of $ 0.270.
The closure of resistance than $ 0.270 may send the price to a resistance of $ 0.2880. More returns may send the price to $ 0.30. The next main site of the Bulls may be $ 0.320.
Another decline in Governor?
If the price of Doge cannot climb to more than $ 0.250, it may drop again. The initial support of the shortcomings is close to $ 0.2250. The next main support is close to the level of nearly $ 0.2150.
The main support is $ 0.20. If the support of less than $ 0.20, the price may decrease further. In the case of statement, the price may drop to $ 0.1880, and even decreased by $ 0.1650 in the short term.
Technical indicator
MACD -DOGE/USD’s MACD is now obtaining motivation to see the area.
RSI (relative strength index) -Doge/USD RSI is now lower than level 50.
Main support level-$ 0.2250 and 0.2150 US dollars.
The main resistance level-$ 0.2500 and $ 0.2700.
