Dogecoin's price fell by 2.87% on Monday. Partially reversing a 7.69% rally from Sunday, the Dogecoin price ended the day at $0.2571.

A mixed start to the day saw DOGE price rise to an early morning intraday high of $0.2673 before hitting reverse.

Falling short term of the first major resistance level at a price of $0.2748, Dogecoin slid to a late morning intraday low of $0.2504.

Dogecoin price partially reversing a 7.69% rally

Steering clear of the first major support at $0.2475, Dogecoin price revisited $0.26 levels before a late fall back into the red.

At the time of writing, the Dogecoin price was up by 0.53% to $0.2672. A mixed start to the day saw Dogecoin fall to an early morning low of $0.2547 before rising to a high of $0.2576.

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

Dogecoin price would need to move through the $0.2583 pivot to bring the first major resistance level at $0.2661 into play.



Support from the broader crypto market would be needed, however, for the Dogecoin price to break back through to $0.26 levels.

Barring an extended DOGE rally, the first major resistance level and Monday’s high $0.2673 would likely cap any upside.

In the event of another breakout, Dogecoin's price could test resistance at $0.29 before any pullback. The second major resistance level sits at a price of $0.2752.

Failure to move through the price of $0.2583 pivot would bring the first major support level at $0.2492 into play.

Barring an extended sell-off, however, Dogecoin's price should steer clear of the second major support level at $0.2414.

First Major Support Level: $0.2592

Pivot Level: $0.2583

First Major Resistance Level: $0.2661

23.6% FIB Retracement Level: $0.3016

38.2% FIB Retracement Level: $0.3859

62% FIB Retracement Level: $0.5221

SHIB Price could see another surge in its market value

Bitcoin is attempting to reverse a short-term downtrend