Bob Mason
Add to Bookmarks
Top view of Dogecoin cryptocurrency physical coin


Dogecoin slid by 4.41% on Monday. Following a 3.15% loss on Sunday, Dogecoin ended the day at $0.1736.

A mixed the start of the day saw Dogecoin rise to an early morning intraday high $0.1843 before hitting reverse.

Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Falling short of the first major resistance level at $0.1916, Dogecoin slid to an early afternoon intraday low $0.1704.

Dogecoin fell through the first major support level at $0.1759.

Finding support at the second major support level at $0.1703, Dogecoin revisited $0.176 levels before easing back.

The first major support level pinned Dogecoin back in the 2nd half of the day.

At the time of writing, Dogecoin was up by 0.04% to $0.1737. A mixed start to the day saw Dogecoin fall to an early morning low $0.1727 before rising to a high $0.1758.

Dogecoin left the major support and resistance levels untested early on.

For the day ahead

Dogecoin would need to move through the $0.1761 pivot to bring the first major resistance level at $0.1818 into play.

Support from the broader market would be needed, however, for Dogecoin to move back through to $0.18 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.1843 would likely cap any upside.

In the event of a breakout, Dogecoin could test resistance at $0.20 levels before any pullback. The second major resistance level sits at $0.1900.

Failure to move through the $0.1761 pivot would bring the first major support level at $0.1679 into play.

Barring another extended sell-off, however, Dogecoin should steer clear of sub-$0.15 levels. The second major support level at $0.1622 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.1679

Pivot Level: $0.1761

First Major Resistance Level: $0.1818

23.6% FIB Retracement Level: $0.3016

38.2% FIB Retracement Level: $0.3859

62% FIB Retracement Level: $0.5221

Please let us know what you think in the comments below.

Thanks, Bob

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker