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{"id":2188,"date":"2021-08-02T03:00:39","date_gmt":"2021-08-02T03:00:39","guid":{"rendered":"https:\/\/www.cryptocurrencypanther.com\/2021\/08\/02\/dogecoin-daily-tech-analysis-august-2nd-2021\/"},"modified":"2021-08-02T03:00:39","modified_gmt":"2021-08-02T03:00:39","slug":"dogecoin-daily-tech-analysis-august-2nd-2021","status":"publish","type":"post","link":"https:\/\/cryptocurrencypanther.com\/2021\/08\/02\/dogecoin-daily-tech-analysis-august-2nd-2021\/","title":{"rendered":"Dogecoin \u2013 Daily Tech Analysis \u2013 August 2nd, 2021"},"content":{"rendered":"


\n<\/p>\n

\n
\n

Dogecoin<\/h2>\n

Dogecoin<\/a> fell by 1.73% on Sunday. Reversing a 1.02% gain from Saturday, Dogecoin ended the week up by 3.12% to $0.2043.<\/p>\n

After a mixed the start to the day, Dogecoin rose to an early morning intraday high $0.2180 before hitting reverse.<\/p>\n<\/div>\n<\/div>\n

\n
\n

Dogecoin broke through the first major resistance level at $0.2134 before sliding to a late intraday low $0.2003.<\/p>\n

Dogecoin fell through the first major support level at $0.2037 before a late move back through to $0.2040 levels.<\/p>\n

At the time of writing, Dogecoin was up by 0.11% to $0.2046. A mixed start to the day saw Dogecoin fall to an early morning low $0.2038 before rising to a high $0.2058.<\/p>\n

Dogecoin left the major support and resistance levels untested early on.<\/p>\n<\/div>\n<\/div>\n

\n
\n

For the day ahead<\/h3>\n

Dogecoin would need to move through the $0.2075 pivot to bring the first major resistance level at $0.2148 into play.<\/p>\n

Support from the broader market would be needed, however, for Dogecoin to break back through to $0.21 levels.<\/p>\n

Barring an extended crypto rally, the first major resistance level and Sunday\u2019s high $0.2180 would likely cap any upside.<\/p>\n

In the event of another breakout, Dogecoin could test the second major resistance level at $0.2252 before any pullback.<\/p>\n

Failure to move through the $0.2075 pivot would bring the first major support level at $0.1971 into play.<\/p>\n

Barring another extended sell-off, however, Dogecoin should steer clear of sub-$0.19 levels. The second major support level sits at $0.1898.<\/p>\n

Looking at the Technical Indicators<\/h3>\n

First Major Support Level: $0.1971<\/p>\n

Pivot Level: $0.2075<\/p>\n

First Major Resistance Level: $0.2148<\/p>\n

23.6% FIB Retracement Level: $0.3016<\/p>\n

38.2% FIB Retracement Level: $0.3859<\/p>\n

62% FIB Retracement Level: $0.5221<\/p>\n

Please let us know what you think in the comments below<\/em>.<\/p>\n

Thanks, Bob<\/p>\n<\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dogecoin Dogecoin fell by 1.73% on Sunday. Reversing a 1.02% gain from Saturday, Dogecoin ended the week up by 3.12% to $0.2043. After a mixed the start to the day, Dogecoin rose to an early morning intraday high $0.2180 before hitting reverse. Dogecoin broke through the first major resistance level at $0.2134 before sliding to […]<\/p>\n","protected":false},"author":1,"featured_media":2189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[1680,337,2022,80,81,345],"class_list":{"0":"post-2188","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dogecoin","8":"tag-2nd","9":"tag-analysis","10":"tag-august","11":"tag-daily","12":"tag-dogecoin","13":"tag-tech"},"_links":{"self":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/2188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/comments?post=2188"}],"version-history":[{"count":0,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/posts\/2188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media\/2189"}],"wp:attachment":[{"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/media?parent=2188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/categories?post=2188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptocurrencypanther.com\/wp-json\/wp\/v2\/tags?post=2188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}