Key levels to watch for potential trend changes over the next 1-2 hours are the zone 1 support at $0.08105 and zone 3 resistance at $0.08874 based on this analysis of the DOGE USDT trading pair.
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 $0.08182. In the near term, there is support at zone 1 between $0.08189-$0.08105. Below this, the next support lies at zone 2 between $0.07789-$0.07705.
A drop below $0.08105 could see further downward pressure targeting the zone 2 support levels. However, RSI is near oversold levels on the hourly so a bounce may occur around current prices or the zone 1 support.
On the upside, resistance lies at zone 3 between $0.08947-$0.08874. A break above $0.08874 would signal a potential trend reversal to the upside with targets at the zone 3 resistance levels.
The short term bias remains bearish as long as price holds below $0.08874 resistance. A drop below the zone 1 support of $0.08105 followed by a break of zone 2 support at $0.07705 would confirm the continuation of the current downtrend.
Support and Resistance Levels
S/R Type | High | Low |
Support Zone #1 | 0.08189 | 0.08105 |
Support Zone #2 | 0.07789 | 0.07705 |
Resistance Zone #3 | 0.08947 | 0.08874 |