DOGE price had to back down to $0.14 following a rally that reached all the way up to $0.18. With that, the price found support and turned back up. Subsequently, DOGE price climbed all the way up to $0.1530 but once again turned down by touching the SMA100. Yesterday, Dogecoin dell as low as $0.14. Once again, by having support from this level, the price started a new uptrend. Today, DOGE price finally surpassed the SMA100 at $0.1480 and reached $0.1540 but failed to stabilize at that level. Currently, Dogecoin is trading at $0.1490.
Buy and Sell DOGE Instantly on HiExchange
No KYC
DOGE Price Action Analysis
Taking a look at the 4-hour chart, we see DOGE failing to surpass $0.18 on April 5th and went for a correction. Following that, Dogecoin found support and managed to bounce back.
As of now, the $0.15 to $0.1480 is the first support level for the price. In case of providing support, DOGE can continue upwards. For the bullish scenario, the $0.1550 is the first resistance level followed by $0.1650. In case of a successful breakthrough, the $0.1750 and $0.18 are the next resistance levels.
On the other hand, if DOGE price fails to surpass $0.1550 and subsequently loses the $0.1480 support, we can expect a deeper correction ahead.
In that case, the $0.1430 will be the next support level for the price. Further decline and bring Dogecoin as low as $0.14 and $0.13.
The Technical Indicators
MACD indicator: at the time of writing this article the 4-hour MACD for Dogecoin is on an upward momentum.
RSI: the relative strength index is approximately 55.
Resistance levels: the first one will be at $0.1550. Following that, we can expect $0.1650 and then $0.17 and finally $0.18 to be resistance levels on the way.
Support levels: first and foremost, the $0.1480 will support the price. After that, the $0.14 will be the next one. And then the $0.1350 and finally $0.13 will support the price next.
HiExchange
HiExchange is a decentralized online platform to exchange your cryptocurrencies and e-currencies. We utilize an automated system to determine the best exchange rates at any moment. Furthermore, HiExchange does not require KYC or a sign-up process. Also, the platform offers 24/7 customer support.
To learn how to exchange your cryptocurrencies to PayPal you can read our instructional article.
For more instructional content, you can always visit HiExchange Blog
