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Abstract:Dogecoin fell by 3.71% on Monday. Reversing a 0.98% gain from Sunday, Dogecoin ended the day at $0.2079.
Dogecoin fell by 3.71% on Monday. Reversing a 0.98% gain from Sunday, Dogecoin ended the day at $0.2079.
A mixed the start of the day saw Dogecoin rise to a mid-morning intraday high $0.2190 before hitting reverse.
Coming within range of the first major resistance level at $0.2198, Dogecoin slid to a late intraday low $0.2040.
Dogecoin fell through the first major support level at $0.2113 and the second major support level at $0.2068.
Steering clear of sub-$0.20 levels, however, Dogecoin moved back through the second major support level to end the day at $0.2070 levels.
At the time of writing, Dogecoin was down by 0.27% to $0.2073. A mixed start to the day saw Dogecoin fall to an early morning low $0.2058 before rising to a high $0.2081.
Dogecoin left the major support and resistance levels untested early on.
Dogecoin would need to move through the $0.2103 pivot to bring the first major resistance level at $0.2166 into play.
Support from the broader market would be needed, however, for Dogecoin to break back through to $0.2150 levels.
Barring an extended crypto rally, the first major resistance level and Mondays high $0.2190 would likely cap any upside.
In the event of a breakout, Dogecoin could test resistance at $0.23 levels before any pullback. The second major resistance level sits at $0.2253.
Failure to move through the $0.2103 pivot would bring the first major support level at $0.2016 into play.
Barring an extended sell-off, however, Dogecoin should steer clear of the second major support level at $0.1953.
First Major Support Level: $0.2016
Pivot Level: $0.2103
First Major Resistance Level: $0.2166
23.6% FIB Retracement Level: $0.3016
38.2% FIB Retracement Level: $0.3859
62% FIB Retracement Level: $0.5221
Stay tuned on WikiFX for the latest market trend!
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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