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
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This article was originally published on FX Empire