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-nivået og det 100 enkle glidende gjennomsnittet (4 timer).
• There is a major bearish trend line forming with resistance at $0.1620 on the 4-hour chart of the DOGE/USD pair (data source from Kraken).
• Prisen må sette seg over $0.170 for å flytte inn i en positiv sone og starte en ny økning.

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 motstand.

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 tap i DOGE?

Hvis DOGEs pris ikke klarer å få fart over $0.160-nivået, kan det starte en ny nedgang. Opprinnelig støtte på nedsiden er nær $0.1475-nivået.

Den neste store støtten er nær $0.1400-nivået. Hvis det er et nedsidebrudd under støtten på $0.1400, kan prisen synke ytterligere. I det angitte tilfellet kan prisen synke mot $0.120-nivået.

tekniske indikatorer

4 timers MACD – MACD for DOGE/USD tar nå fart i bearish sonen.

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

Store støttenivåer - $ 0.1475, $ 0.1400 og $ 0.1200.

Store motstandsnivåer - $ 0.1600, $ 0.1680 og $ 0.1700.

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