dogecoin (DOGE) price is attempting a recovery wave above the $0.150 resistance zone against the US Dollar. DOGE could struggle to clear the $0.170 resistance zone.

• DOGE started a recovery wave from the $0.1280 support zone against the US dollar.
• Prisen handler over $0.1500 niveauet og det 100 simple glidende gennemsnit (4 timer).
• There is a key bearish trend line forming with resistance at $0.170 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
• Prisen skal ligge over $0.170 for at bevæge sig ind i en positiv zone og starte en ny stigning.

Dogecoin Price Faces Hurdles

After a major decline, Dogecoin price found support at $0.1280. 

A low was formed at $0.1283 and DOGE started a decent recovery wave, like Bitcoin and Ethereum. There was a move above the $0.1350 and $0.140 resistance levels.

The price climbed above the 23.6% Fib retracement level of the downward wave from the $0.2093 swing high to the $0.1283 low. 

However, the bears are still active and protecting more gains. There is also a key bearish trend line forming with resistance at $0.170 on the 4-hour chart of the DOGE/USD pair.

Dogecoin is also below the $0.1650 level and the 100 simple moving average (4 hours). 

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On the upside, the price is facing resistance near the $0.1690 level or the 50% Fib retracement level of the downward wave from the $0.2093 swing high to the $0.1283 low.

The next major resistance is near the $0.170 level. A close above the $0.170 resistance might send the price toward the $0.1880 resistance. 

The next major resistance is near $0.200. Any more gains might send the price toward the $0.220 level.

Endnu et fald i DOGE?

Hvis DOGE's pris ikke får fart over $0.170 niveauet, kan det starte endnu et fald. Indledende støtte på nedsiden er tæt på $0.1525-niveauet.

The next major support is near the $0.1475 level. If there is a downside break below the $0.1750 support, the price could decline further. 

In the stated case, the price might decline toward the $0.1280 level.

Tekniske indikatorer

• 4 timers MACD – MACD for DOGE/USD tager nu fart i den bullish zone.
• 4 timers RSI (Relative Strength Index) – RSI for DOGE/USD er nu over 50-niveauet.
• Større supportniveauer - $ 0.1525, $ 0.1475 og $ 0.1280.
• Større modstandsniveauer - $ 0.1690, $ 0.1700 og $ 0.200.

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