Dogecoin slipped by 0.04% on Sunday. Following a 0.57% gain on Saturday, Dogecoin ended the week down by 6.90% to $0.2464.
A mixed start to the day saw Dogecoin fall to an early morning intraday low $0.2435 before making a move.
Steering clear of the first major support level at $0.2422, Dogecoin rose to a late morning intraday high $0.2531.
Dogecoin broke through the first major resistance level at $0.2506 before a pullback to sub-$0.25 levels.
Finding late support, Dogecoin retested the first major resistance level before falling back to sub-$0.2470 levels.
At the time of writing, Dogecoin was down by 0.58% to $0.2450. A bearish start to the day saw Dogecoin fall from an early morning high $0.2464 to a low $0.2441.
Dogecoin left the major support and resistance levels untested early on.
For the day ahead
Dogecoin would need to move through the $0.2477 pivot to bring the first major resistance level at $0.2518 into play.
Support from the broader market would be needed, however, for Dogecoin to break back through to $0.25 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.2531 would likely cap any upside.
In the event of another breakout, Dogecoin could test resistance at $0.26 levels before any pullback. The second major resistance level sits at $0.2573.
Failure to move through the $0.2477 pivot would bring the first major support level at $0.2422 into play.
Barring an extended sell-off, however, Dogecoin should steer clear of sub $0.2350 levels. The second major support level at $0.2381 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.2422
Pivot Level: $0.2477
First Major Resistance Level: $0.2518
23.6% FIB Retracement Level: $0.3016
38.2% FIB Retracement Level: $0.3859
62% FIB Retracement Level: $0.5221
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