If the price of DOGE fails to rise above $0.400, it may begin a downward correction.
The initial support level on the downside is around $0.3850. The next major support level is around $0.3750.
The main support level is at $0.3550. If the support level at $0.3550 is broken down, the price may drop further. In that case, the price could fall to the level of $0.3200, or even drop to $0.300 in the short term.
Technical Indicators
Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.
Major Support Levels – $0.3850 and $0.3750.
Major Resistance Levels – $0.4000 and $0.4200.
