Dogecoin Price Technical Analysis - Downside Thrust Underway
Dogecoin Price Key Highlights. Dogecoin price fell and cleared an important support area as anticipated in yesterday's analysis. The downside was stalled around 76.0 Satoshis, which can be seen as an intermediate support. 100 hourly MA might continue to act as a barrier for more gains moving ahead. There was a clear break noted in Dogecoin price, which has increased the chance of a move lower in the near term. 71.0 Satoshis as a Support. Yesterday, we highlighted that the possibility of a break lower is increasing, as the price struggled to move higher. The price did move lower Intraday,....
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Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....
Dogecoin Price Key Highlights. Dogecoin price continued to remain under the bearish pressure after a critical break below 50.0 Satoshis. There was a nasty move down, which took the price lower, but it was limited due to buyers putting up a fight. A recovery in underway, but it looks like buyers are struggling to hold the ground. Dogecoin price is under a bearish pressure, as there are many hurdles on the way up, and puts it on the risk of a down-move. Retest of lows? There was a break below a major support area of 50.0 Satoshis, as highlighted in yesterday's post. The downside was as....
Key Highlights. Dogecoin price declined and traded below an important support area of 76.0 Satoshis as anticipated in yesterday's analysis. It looks like the price is heading towards the next level of support at 71.0. 100 hourly MA still remains a concern for buyers, as they failed to break it on many occasions. We were right when we noticed a break in Dogecoin price chart, as there was a downside thrust Intraday. What's next? We highlighted the possibility of a down-move in Dogecoin price yesterday, which continued as the price moved below a critical support of 76.0 Satoshis. There was a....
Dogecoin Price Key highlights. Dogecoin price tested the dynamic resistance at the 100 SMA, which was enough to keep further gains in check. The short-term moving average is below the longer-term 200 SMA, indicating that the path of least resistance is to the downside and that further losses are likely. Dogecoin price is resuming its downside momentum, which might gain traction on a break of the previous lows at 47.7 Satoshis. Short-Term Consolidation Break. For now, dogecoin price is finding support around 47.7 Satoshis or the previous lows. A break below this short-term consolidation....