In the short term, the outlook is neutral as the price hovers just below Resistance Zone #1. A sustained move above $0.08189 resistance would turn the outlook bullish. Conversely, a breakdown below recent lows could turn sentiment bearish once again. Traders need to watch the price action near these resistance and support levels for signs of reversal. Overall, breaking out of the range between Resistance Zone #1 and $0.078 support will provide more clarity.
For a more in-depth technical analysis across different timeframes, please click the link to view the identified levels of support and resistance, trends, and reversal patterns on the weekly, daily, and 4-hour charts.
1 Hour Timeframe
The current price of DOGE USDT is $0.07875. It faces immediate resistance at $0.08105 – $0.08189 zone (Resistance Zone #1). Stronger resistance lies at $0.08874 – $0.08947 zone (Resistance Zone #2) and $0.09425 – $0.09493 zone (Resistance Zone #3).
On the upside, a break above Resistance Zone #3 could ignite furtherbuying pressure. The price will then aim to retest the highs of the previous sessions. However, failure to sustain above Resistance Zone #1 could bring selling pressure back into the market. On the downside, support lies at previous lows and swing lows of the past sessions.
Support and Resistance Levels
S/R Type | High | Low |
Resistance Zone #1 | 0.08189 | 0.08105 |
Resistance Zone #2 | 0.08947 | 0.08874 |
Resistance Zone #3 | 0.09493 | 0.09425 |