DOGE Price had a strong decline amid the market crash and dipped as low as $0.12. AT that level however, DOGE found support and bounced back to $0.1250. By stabilizing above this level, DOGE surpassed $0.13 and $0.1360 on the trendline and continued upwards. Currently, the price is at $0.1390 and is trying to surpass $0.14.
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DOGE Price Action Analysis
Taking a look at the 1-hour chart, we see DOGE coming down as low as $0.1250 following a strong crash. The price even briefly touched $0.12 but the buyers did not allow further decline and set DOGE on the recovery path. Subsequently, DOGE surpassed $0.13, $0.1350 and $0.1360 and managed to reach $0.14 today.
Currently, the first resistance level is at $0.14. In case of a successful break through, we can expect the $0.1440 to $0.1450 and then the $0.1490 to $0.15 zone to be the next resistance levels. The second one is also near the SMA100.
On the other hand, if DOGE fails to surpass $0.14, it could have yet another price correction. In that case, the $0.1350 will be the first support level for Dogecoin. In case of losing them, the $0.13 will be the next one to follow.
The Technical Indicators
MACD indicator: at the time of writing this article the 1-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 $0.14. Following that, we can expect $0.1450 and then $0.15 and then $0.1550 to be resistance levels on the way.
Support levels: first and foremost, the $0.1350 will support the price. After that, the $0.13 will be the next one. And then the $0.12 will support the price next.
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