Dogecoin price is rebounding alongside the general cryptocurrency market. At the time of publication, Dogecoin was trading up 2.18% at $0.1423. Porsche Towson, Baltimore’s only exclusive Porsche center, has partnered with cryptocurrency payment processor BitPay to accept digital assets, according to an announcement made earlier this Tuesday. Notably, the dealership, which offers both new and used Porsche cars, now accepts Dogecoin on top of more conventional cryptocurrencies such as Bitcoin. In separate news, The official mobile app of AMC Theatres, the world’s largest movie theater chain, now allows users to purchase tickets with Dogecoin, according to an announcement made by CEO Adam Aron.
Key Levels
Resistance Levels: $0.2150, $0.1880, $0.1550
Support Levels: $0.1325, $0.1255, $0.1067
DOGE/USD Daily ChartDogecoin (DOGE) retested the $0.1330 support region for the third time on the daily chart in April, on the 1st, then the 11th, and the 19th. Dogecoin is still consolidating while waiting for the next big move. At the midpoint of the relative strength index (RSI), neither bulls nor bears have an advantage; a breakout or breakdown might occur at this moment.
If the bulls can push over $0.1509 and stay above $0.1550 in a breakout scenario, a fresh upswing with a target objective of $0.1800 might resume. The small resistance at $0.1550, on the other hand, might pose a challenge to the bulls, prompting a retest of the $0.1325 support. If the DOGE/USD pair falls below $0.1325, a decline to $0.1205 and $0.1067 yearly low is possible.
DOGE/USD 4-Hour ChartOn the 4-hour chart, the rebound of the DOGE/USD pair from its recent low of $0.1332 has been capped by the resistance at $0.1450. The bulls’ main goal is to trade past this resistance and resume an advance to $0.1550 and beyond. On the downside, a strong range of support is indicated between $0.1395.
The above-mentioned support coincides with the MA 200 and might help cushion additional losses. If this support fails, DOGE might be forced to look for the next buyer congestion zone at $0.1325. Only when the DOGE/USD pair is trading above $0.1550 is it bullish; significant resistance is identified at $0.1730 and $0.1800.
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