Dogecoin was down 3.15% on Sunday. Dogecoin partially reversed a 9.01% rally from Saturday and ended the week down 15.90% to $ 0.1816.
An uptrend earlier in the day caused Dogecoin to rebound to an early morning intraday high of $ 0.1960 before turning back into reverse.
Dogecoin fell below the first major resistance level of $ 0.2056 and slid to an intraday low of $ 0.1803 in the last hour.
Dogecoin ended the day at $ 0.181 and ended the day a long way from the first major support level of $ 0.1691.
At the time of writing, Dogecoin is down 1.22% to $ 0.1794. After a mixed start to the day, Dogecoin rose to an early morning high of $ 0.1843 before falling to a low of $ 0.1789.
Dogecoin left key support and resistance levels untested early on.
For the next day
Dogecoin would have to move through the $ 0.1860 pivot to bring the first major resistance level into play at $ 0.1916.
However, support from the broader market would be required for Dogecoin to climb back to the $ 0.19 level.
Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 0.1960 would likely limit any uptrend.
In the event of a breakout, Dogecoin could test the resistance at $ 0.20 before retreating. The second major resistance level is at $ 0.2017.
Failure to cross the $ 0.1860 pivot would bring the first major support level back into play at $ 0.1759.
However, apart from another lengthy sell-off, Dogecoin should stay away from below $ 0.17 levels. The second major support level at $ 0.1703 should limit the downside.
Look at the technical indicators
First major support level: $ 0.1759
Pivot Level: $ 0.1860
First major resistance level: $ 0.1916
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