Dogecoin Price Technical Analysis - Further Declines?
Dogecoin Price Key Highlights. Dogecoin price traded higher intraday, but failed to maintain gains and struggled later. 100 hourly simple moving average is acting as a hurdle for buyers in the near term. Price is back below an important support of 72.0 Satoshis, which is a worrying sign for buyers. Dogecoin price declined intraday, and it looks like sellers are positioned to take it further lower moving ahead. Buyers Nervous? Dogecoin price managed to climb a bit yesterday, and breached a major channel resistance area as highlighted in one of the recent analyses. However, there was no real....
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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....
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 continued to move lower as anticipated in yesterday's post and looks poised for more losses. An important support area of 60.0 Satoshis was breached, which is acting as a resistance for buyers. A new bearish trend line is forming, which could act as a barrier if the price moves higher. Dogecoin price weakened Intraday, broke a major support area and looks poised for more declines in the short term. 60.0 Satoshis as Barrier. There was a downside continuation noted, as the price moved below a major support area of 60.0 Satoshis. The stated level....
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 price continued to consolidate around 48 to 49 satoshis on Hitbtc in the past couple of days, as the lack of a fresh market catalyst kept ranges intact. Trading activity has been subdued in cryptocurrency pairs towards the end of the week, with market participants booking profits off current dogecoin price levels. Looking at the 1-hour chart of DOGE/BTC from tradingview.com shows that technical indicators are hinting at further consolidation for the meantime:100 and 20 exponential moving averages are treading sideways and moving closer, confirming range-bound movement between....