Dogecoin – Every day Tech Evaluation – Aug 23, 2021 – Yahoo Finance

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Dogecoin

Dogecoin fell 0.60% on Sunday. After falling 3.24% on Saturday, Dogecoin ended the week down 7.43% to $ 0.3150.

A mixed start to the day caused Dogecoin to climb to a late morning intraday high of $ 0.3219 before reversing.

Dogecoin fell below the first major resistance level at $ 0.3263 and slid to a late afternoon intraday low of $ 0.3050.

Dogecoin fell through the first major support level at $ 0.3110.

Dogecoin found support at the second major support level at $ 0.3050 and moved back through the first major support level to end the day at $ 0.315.

At the time of writing, Dogecoin was up 0.14% to $ 0.3154. After a mixed start to the day, Dogecoin fell to an early morning low of $ 0.3148 before rising to a high of $ 0.3194.

Dogecoin left key support and resistance levels untested early on.

For the next day

Dogecoin would have to avoid the $ 0.3140 pivot to bring the first major resistance level into play at $ 0.3229.

However, for Dogecoin to break back to the $ 0.32 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 $ 0.3219 would likely limit any uptrend.

In the event of a breakout, Dogecoin could test the second major resistance level at $ 0.3309.

A fall below the $ 0.3140 level would bring the first major support level into play at $ 0.3060 and the 23.6% FIB of $ 0.3016.

However, apart from a prolonged sell-off, Dogecoin should stay away from the second major support level at $ 0.2971.

Look at the technical indicators

First major support level: $ 0.3060

Pivot Level: $ 0.3140

First major resistance level: $ 0.3229

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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