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.
- 價格低於 0.1620 美元水準和 100 簡單移動平均線（4 小時）。
- 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).
- 價格必須穩定在 0.170 美元以上才能進入正值區域並開始新一輪上漲。
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 乙太坊.
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阻力.
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.
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.
DOGE 損失更多？
如果 DOGE 的價格未能突破 0.160 美元的水平，則可能會開始另一次下跌。下行的初步支撐位於 0.1475 美元附近。
下一個主要支撐位在 0.1400 美元附近。 如果下行跌破 0.1400 美元支撐位，價格可能會進一步下跌。 在所述情況下，價格可能會跌至 0.120 美元的水平。
技術指標
4 小時 MACD – DOGE/USD 的 MACD 現在在看跌區域獲得動力。
4 小時 RSI（相對強弱指數）——DOGE/USD 的 RSI 現在低於 50 水平。
主要支持級別 - $ 0.1475，$ 0.1400和$ 0.1200。
主要阻力位 – 0.1600 美元、0.1680 美元和 0.1700 美元。
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