Dogecoin Holds $0.1680 Support, Eyes Fresh Increase

Dogecoin has corrected below $0.1780 against the US Dollar, holding the $0.1680 support level, and may aim for a fresh increase.

  • DOGE experienced a downside correction below $0.1780.
  • The price is under $0.1760 and the 100-hourly simple moving average.
  • A bearish trend line with resistance at $0.1760 is forming on the hourly DOGE/USD chart.
  • If stable above $0.1680, DOGE might increase again.

Potential Price Movements

  • DOGE failed to surpass $0.1880, leading to a decline below $0.1820 and $0.180.
  • The price dipped below the 50% Fib retracement but found support near $0.1680.
  • Immediate resistance is around $0.1760.
  • The first major resistance for an upward move is near $0.1820; the next is $0.1880.

Dogecoin Price

Support and Resistance Levels

  • Failure to rise above $0.1820 could lead to declines, with support at $0.170 and $0.1680.
  • Main support is at $0.1640, with potential declines to $0.1550 or $0.1520 if breached.

Technical Indicators

  • Hourly MACD shows bullish momentum.
  • Hourly RSI is above 50, indicating a positive trend.
  • Major support levels: $0.1700, $0.1680.
  • Major resistance levels: $0.1760, $0.1820.