Dogecoin extended its decline below the $0.070 support against the US Dollar. DOGE could continue to move down towards the $0.0620 support zone.
- DOGE gained pace and traded below the $0.072 support against the US dollar.
- Цената се тргува под зоната од 0.0700 долари и 100 едноставниот подвижен просек (4 часа).
- There is a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair (data source from Kraken).
- The pair could dive further towards the $0.062 support in the near term.
Dogecoin Price Signals Bearish
In the past few days, dogecoin saw a steady decline from the $0.080 resistance zone. DOGE reacted to the downside below the $0.0750 and $0.0720 support levels.
The decline gained pace below the $0.072 level and the 100 simple moving average (4-hours). More importantly, there was a clear move below the $0.070 support zone, opening the doors for a major decline. The price is now trading well below the $0.0700 zone and the 100 simple moving average (4-hours).
Doge price traded as low as $0.0667 and is currently showing a lot of bearish signs, similar Bitcoin ethereum. Нагоре, цената се соочува со отпор во близина на нивото од 0.0695 долари.
The first major resistance is near the $0.0700 level. There is also a key bearish trend line forming with resistance near $0.0698 on the 4-hours chart of the DOGE/USD pair. The trend line is near the 23.6% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low.
A clear move above the trend line might send the price towards the $0.073 resistance. It is near the 50% Fib retracement level of the downward move from the $0.0795 swing high to $0.0667 low.
извор: DOGEUSD на TradingView.com
Any more gains might send the price towards the $0.0765 level and the 100 SMA. The main hurdle seems to be forming near the $0.080 zone. A clear move above the $0.080 resistance could open the gates for a rally towards the $0.100 level.
Повеќе загуби во DOGE?
Ако цената на DOGE не успее да добие темпо над нивото од 0.070 долари, може да продолжи да се движи надолу. Првичната поддршка на надолната страна е блиску до нивото од 0.0665 долари.
The next major support is near the $0.062 level. If there is a downside break below the $0.0620 support, the price could decline further. In the stated case, the price might decline towards the $0.060 level.
Технички индикатори
4-часовен MACD – MACD за DOGE/USD сега добива на интензитет во мечешката зона.
4-часовен RSI (индекс на релативна сила) – RSI за DOGE/USD сега е во зоната на препродажба.
Големи нивоа на поддршка - 0.0665 УСД, 0.0662 УСД и 0.0600 УСД.
Големи нивоа на отпорност - 0.070 УСД, 0.0730 УСД и 0.080 УСД.
Source: https://newsbtc.com/analysis/dogecoin-price-tumbles-070/