Dogecoin Price Technical Analysis - Massive Rally
Key Highlights. As forecasted in yesterday's post, Dogecoin prices surged higher and traded above 70.0 Satoshis. Dogecoin enjoyed a huge rally as it was up by more than 8% in a single day. Dogecoin finally settled successfully above 60.0 Satoshis and marched higher to gain heavily Intraday, and it looks set for more upsides in the short term. What's next? Dogecoin buyers managed to clear yesterday's high around 60.8 Satoshis. After prices settled above the mentioned resistance, it gained pace and surged sharply by more than 8% to trade above 70.0 Satoshis. It traded as high as 71.7....
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Dogecoin has undergone a massive correction of roughly 10% in the past 24 hours, with the price nose-diving from 49.8 satoshis to 45.1 satoshis. As a result of this fall, Dogecoin has neared the floor of 43 satoshis, which if cracked, could lead to a severe collapse in the price. But, will it? Let us find out with the help of technical analysis below. Technical analysis implemented on the 240-minute Dogecoin/Bitcoin price chart reveals that bears are pouncing on every opportunity to jettison Dogecoin en masse. The support of 43 satoshis may well give way to a lower ground, if bulls....
Dogecoin has leapt a massive 8% today disrespecting the resistance level of 50 to be trading at 50.8 satoshis. I have been maintaining in earlier analyses that a major move was expected in Dogecoin as the week comes to a close. The bears have given away the slight advantage that they had over the bulls and the onus is now completely on bulls to tighten their grip. Taking a technical look at the 240-minute Dogecoin/BTC price chart above reveals that the upmove has been backed by strength and that maintaining this bullish momentum will be the key to see a further rise in the market cap of....
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....
Dogecoin is currently trading marginally below the yesterday's level of 47.1 satoshis. The cryptocurrency had surged to a level of 48.9 satoshis before profit booking and selling pressure brought the price down to 47 satoshis, which is closer to the floor value of 46.3 satoshis. Putting the 240-minute Dogecoin/Bitcoin price chart under a technical lens reveals that the cryptocurrency may continue to face more pressure going ahead unless, bulls stage a powerful comeback. Dogecoin Chart Structure - As can be seen from the chart above, Dogecoin recently made an attempt to scale higher, but....