Dogecoin is struggling to rise above the $0.1650 resistance zone against the US Dollar. DOGE could decline heavily if it settles below the $0.140 support.

• DOGE is facing many hurdles near the $0.1650 and $0.170 levels against the US dollar.
• Prisen handler under $0.1620 niveauet og det 100 simple glidende gennemsnit (4 timer).
• Der dannes en stor bearish trendlinje med modstand på $0.1620 på 4-timers diagrammet for DOGE/USD-parret (datakilde fra Kraken).
• Prisen skal ligge over $0.170 for at bevæge sig ind i en positiv zone og starte en ny stigning.

Dogecoin Price Signals Downturn

After a major decline, Dogecoin price started a recovery wave from the $0.1280 zone. A low was formed at $0.1283 and DOGE climbed above $0.1350, like Bitcoin and Ethereum.

There was a move above the $0.1385 and $0.140 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.2092 swing high to the $0.1283 low. However, the bears protected more gains above the $ 0.170 modstand.

The price failed to test the 50% Fib retracement level of the downward move from the $0.2092 swing high to the $0.1283 low. There is also a major bearish trend line forming with resistance at $0.1620 on the 4-hour chart of the DOGE/USD pair.

Dogecoin is also below the $0.160 level and the 100 simple moving average (4 hours). On the upside, the price is facing resistance near the $0.160 level.

Kilde: DOGEUSD på TradingView.com

The next major resistance is near the $0.1680 level. The main hurdle is at $0.170. A close above the $0.170 resistance might send the price toward the $0.1850 resistance. Any more gains might send the price toward the $0.20 level.

Flere tab i DOGE?

Hvis DOGE's pris ikke får fart over $0.160 niveauet, kan det starte endnu et fald. Indledende støtte på nedsiden er tæt på $0.1475-niveauet.

Den næste store støtte er tæt på $0.1400-niveauet. Hvis der er en nedadgående pause under $0.1400-støtten, kan prisen falde yderligere. I det nævnte tilfælde kan prisen falde mod $0.120-niveauet.

Tekniske indikatorer

4 Hours MACD – MACD for DOGE/USD tager nu fart i den bearish zone.

4 timers RSI (Relative Strength Index) – RSI for DOGE/USD er nu under 50-niveauet.

Større supportniveauer - $ 0.1475, $ 0.1400 og $ 0.1200.

Større modstandsniveauer - $ 0.1600, $ 0.1680 og $ 0.1700.

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• Kilde: https://www.newsbtc.com/analysis/doge/doge-price-prediction-dogecoin-0-14/