Dogecoin – Day by day Tech Evaluation – Aug 30, 2021 – Yahoo Finance

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Dogecoin

Dogecoin fell 1.85% on Sunday. After falling 2.88% on Saturday, Dogecoin ended the week down 10.73% to $ 0.2812.

A bullish start to the day caused Dogecoin to climb to an early morning intraday high of $ 0.2921 before hitting the setback.

Dogecoin missed the first major resistance level of $ 0.2963 and fell to an intraday low of $ 0.2767 in the afternoon.

Dogecoin fell through the first major support level at $ 0.2796 before partially rebounding to $ 0.28.

At the time of writing, Dogecoin is down 0.97% to $ 0.2784. After a mixed start to the day, Dogecoin rose to an early morning high of $ 0.2822 before falling to a low of $ 0.2782.

Dogecoin left key support and resistance levels untested early on.

For the coming day

Dogecoin would have to move through the $ 0.2833 pivot to bring the first major resistance level into play at $ 0.2900.

However, for Dogecoin to break back to the $ 0.29 level, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 0.2921 would likely limit any uptrend.

In the event of a breakout, Dogecoin could test resistance at the 23.6% FIB of $ 0.3016 before pulling back. The second major resistance level is at $ 0.2987.

Failure to hit the $ 0.2833 level would bring the first major support level into play at $ 0.2746.

However, apart from another lengthy sell-off, Dogecoin should stay away from below $ 0.27 levels. The second major level of support is at $ 0.2679.

Look at the technical indicators

First major support level: $ 0.2746

Pivot Level: $ 0.2833

First major resistance level: $ 0.2900

23.6% FIB Retracement Level: $ 0.3016

38.2% FIB Retracement Level: $ 0.3859

62% FIB Retracement Level: $ 0.5221

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally published on FX Empire

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