Dogecoin Price Technical Analysis - Volatility Picking Up!
Dogecoin Price Key Highlights. Dogecoin price is moving in a much larger range compared to its previous tight short-term consolidation. Price seems to have bounced off the bottom of the range around 43 to 44 Satoshis and may be headed back to the top. Dogecoin price stepped up its volatility in the recent trading range, breaking below its short-term consolidation but still unable to make further headway south. Headed for resistance? Technical indicators on the 1-hour chart of dogecoin price suggest that it is headed back towards resistance at 48 Satoshis. Stochastic is pointing north,....
Related News
Dogecoin price action in the last 24 hours is enough to send shivers down the spines of even the best of traders. I had discussed in my earlie analysis that the price structure has turned in favor of the sellers and that volatility will rock the market participants again. Both the things seemed to have played out convincingly as the price stooped to a low of 39.8 satoshis - almost retesting the March lows of 38.9 satoshis - before rising sharply back up to threaten 50 satoshis. Each Dogecoin is currently worth 49.8 satoshis. Amid this volatility, let us find out if Dogecoin has undergone a....
Dogecoin seems to have formed a trading range which has the put the risk/reward ratio highly in favor of traders. As expected, the price has not violated the support level of 43 satoshis and has rebounded strongly, approving it as a near-term floor. In another shot at taking out the resistance of 50 satoshis, Dogecoin has failed miserably. In my previous analysis, it was discussed that volatility may continue to play a decisive role, and the price is indeed oscillating wildly in the range. As of this moment, each Dogecoin is worth 47.9 satoshis. After analyzing the 240-minute....
Dogecoin Price Key Highlights. Dogecoin price continues to trade in a tiny range, but there is an increase in volatility noticed, which might result in a break moving ahead. A minor low below 62.0 Satoshis support area was created, but sellers failed to take the price below 60 Satoshis. 0 Satoshis on the upside remains a major barrier for buyers in the near term. Dogecoin price is showing signs of the increase in volatility, which might result in a break in the near future. What's next? There has been continuous range trading this past week, and it turned out to be frustrating for....
There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
Dogecoin price stabilized between 62 and 65 satoshis throughout the past week (2nd - 8th February). Dogecoin is continuing to prove that it is a rather stable cryptocurrency in the face of the high volatility of bitcoin. By studying the 1 day Hitbtc (Doge/BTC) from tradingview.com (look at the below chart), we can see that dogecoin price has been trading between 62 and 65 satoshis last week. The price is going away from the 52 satoshis support level as per our Fibonacci retracements that we plotted a couple of weeks ago as shown by an upwards sloping 10 day EMA on the 1 day charts (the....