Dogecoin Price Technical Analysis - Bearish Turn?
Dogecoin Price Key Highlights. Dogecoin price failed to break the trend lines pattern, which is a worrying sign for buyers in the near term. There are a few bearish signs emerging on hourly chart, suggesting a bearish turn moving ahead. The price is now below the 100 hourly simple moving average, which might ignite a down-move. Dogecoin price failure to break higher is a major concern for buyers, and might push the price lower if sellers gain control. Break of 50.0 Satoshis? The Dogecoin price struggled this past week to gain strength and traded inside two trend lines, as highlighted....
Related News
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....
The Dogecoin price dropped 2.05% against the BTC in over the last 24 hours, as Bitcoin continued to test its prevailing upside risk near 281; therefore maintaining its bullish bias. The Doge price is reacting inversely to Bitcoin's price behavior; and is therefore continuing on its prevailing bearish bias. Dogecoin Price 4H HITBTC Chart. As you can see in the chart above, the Dogecoin price has held a constant downward momentum for quite a time. Over the last 24 hours, the price succeeded to float above 49, while testing upside resistance near 52; therefore forming consolidation between....
Key Highlights. Dogecoin price continued to struggle to clear an important bearish trend line as highlighted in yesterday's post. 0 Satoshis is turning out to be a major barrier for buyers. Most technical indicators are pointing more gains in the short term. Dogecoin buyers continued to push the price higher, but failed to clear a critical barrier at 78.0 Satoshis. What's next? Dogecoin price is heading towards a major break if buyers succeed in taking it above a crucial bearish trend line on the hourly chart. The highlighted trend might turn out to be major factor in the short term, as....
[Notice: All the price units are in Satoshi]. The Dogecoin price dropped around only 0.05% against the BTC in over the last 24 hours, but the overall bearish bias in its market continued to sustain. As you can see the 4H HITBTC chart above, the Dogecoin price continue to form lower lows near 40, adding further to the prevailing bearish bias. The Doge market has indeed reacted negatively to the Bitcoin's celebrated bullish rally, as it simply took away a notable chunk of trading volume from the meme cryptocurrency. As a result, we can see how Dogecoin price which, on February 8th, was being....
Dogecoin Price Key Highlights. Dogecoin price failed once again to trade above the 100 hourly moving average and declined intraday. The price continued to struggle and our forecast to target additional weakness remains intact. More losses are likely in the near term as long as the price is below 76.0. Dogecoin price fell one more time yesterday and almost tested the last low of 64.7 Satoshis, which is a strong bearish sign. How important is 100 MA? Dogecoin price fell intraday as forecasted in yesterday's analysis. We were anticipating a new low below 64.7 Satoshis, but the price managed....