Dogecoin is gaining pace above the $0.085 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.092 resistance.
- DOGE зајакна и се тргуваше над отпорот од 0.085 долари во однос на американскиот долар.
- Цената се тргува над зоната 0.0850 долари и 100 едноставниот подвижен просек (4 часа).
- На 0.0830-часовната табела на парот DOGE/USD (извор на податоци од Kraken) се формира главна линија на нахакан тренд со поддршка близу 4 долари.
- Парот може дополнително да се зголеми доколку има јасно затворање над отпорот од 0.092 долари.
Dogecoin Price Eyes Upside Break
After forming a base above the $0.065 zone, dogecoin price started a steady increase. DOGE remained well bid and gained pace above the $0.075 resistance.
There was a clear move above the $0.080 resistance zone to start a decent rally. The price surpassed a few hurdles near the $0.085 level and settled above the 100 simple moving average (4-hours), similar to Bitcoin ethereum. A new yearly high was formed near $0.0934 and the price is now consolidating gains.
It is trading near the 23.6% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. Doge price is now trading above the $0.0850 zone and the 100 simple moving average (4-hours).
There is also a major bullish trend line forming with support near $0.0830 on the 4-hours chart of the DOGE/USD pair. On the upside, the price is facing resistance near the $0.0915 level. The first major resistance is near the $0.0920 level.
извор: DOGEUSD на TradingView.com
A clear move above the $0.092 resistance might send the price towards the $0.098 resistance. Any more gains might send the price towards the $0.100 level. A clear move above the $0.100 resistance could open the gates for a rally towards the $0.112 level.
Dips Supported in DOGE?
If DOGE price fails to gain pace above the $0.092 level, it could start a downside correction. An initial support on the downside is near the $0.0880 level.
The next major support is near the $0.085 level or the 50% Fib retracement level of the upward move from the $0.0768 swing low to $0.0934 high. If there is a downside break below the $0.085 support, the price could decline further. In the stated case, the price might decline towards the $0.082 level and the trend line.
Технички индикатори
4-часовен MACD - MACD за DOGE / USD сега добива на интензитет во нахаканата зона.
4-часовно RSI (индекс на релативна јачина) - RSI за DOGE / USD сега е над нивото од 50.
Големи нивоа на поддршка - 0.088 УСД, 0.0850 УСД и 0.0820 УСД.
Големи нивоа на отпорност - 0.0915 УСД, 0.0920 УСД и 0.098 УСД.
Source: https://newsbtc.com/analysis/dogecoin-price-rally-0-092/