Dogecoin / Dollar may rise to 0.1290 - 0.1310

0.1193 is our pivot point.

Our preference

Look for a drop towards 0.1193 before a bounce.

Alternative scenario

The downside breakout of 0.1193 would call for 0.1160 and 0.1141.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1240 and 0.1239).

Supports and resistances

0.1350 **

0.1330 *

0.1310 **

0.1290

0.1244 last

0.1206

0.1193 **

0.1160 *

0.1141 **

Number of asterisks represents the strength of support and resistance levels.