Dogecoin Price Technical Analysis - Positive Signs Emerge
Key Highlights. Dogecoin price attempted to recover some ground after a sharp decline towards 37.0 Satoshis. There is a major bearish trend line on the hourly chart as highlighted in one of previous analysis, which prevented gains. The price is trying to settle above the 100 hourly simple moving average, which is a positive sign. Dogecoin price showing a few bullish signs on the hourly chart, as it managed to settle above an important pivot area of 38.0 Satoshis. Can it settle above 100 MA? There was a sharp upside reaction noted in the Dogecoin price, as it moved higher closer to 45.0....
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Key Highlights. Finally, there was an upside move in Dogecoin, as prices breached 60.0 Satoshis. The biggest question is whether buyers can manage a daily close above 60.0 Satoshis or not. Dogecoin buyers managed to take prices a few points higher above the all-important 60 Satoshis, and it looks like they might take it further above 61.0. Can it break higher? Dogecoin price moved above 60.0 Satoshis recently, but there was no follow through after the break. It traded as high as 60.8 before moving back lower. However, there are a few positive signs emerging on the hourly chart of Dogecoin,....
Dogecoin price remains grounded, oscillating between a thin range of 50.8-51.2 satoshis. The 20-4h simple moving average continues to be an unsurpassable hurdle for the Dogecoin as bulls choose not to make any moves in the absence of positive triggers. The current Dogecoin price is 51.1 satoshis, slightly below the upper range of 51.2 satoshis. As can be seen from the 240-minute Dogecoin/BTC price chart, the cryptocurrency is barely moving anywhere. Technical analysis also points to a continuation of the sticky consolidation in the near future. Bollinger Bands - The Bollinger Bands have....
Key Highlights. Dogecoin price looks like it's on the verge of a short-term break as can be seen on the 30-mins chart (price feed from CEX. IO). There is a nice channel pattern formed on the 4-hours chart (price feed from HitBTC), suggesting a caution for sellers moving ahead. The price is above the 100 simple moving average (SMA) - H4, which is a positive sign for the bulls in the near term. Dogecoin price may trade higher if buyers take control, as looking at the higher timeframe chart (H4), there are many bullish signs. 100 SMA as Catalyst. Dogecoin price failed to gain traction....
Key Highlights. Dogecoin price managed to recover ground, as an important support area around 30.0 Satoshis stalled declines. We highlighted a major resistance area in yesterday's post around 38.0-40.0 Satoshis, which is currently acting as a barrier for buyers. The hourly MACD looks like changing slope to the bearish zone, suggesting that the price is struggling to clear the stated resistance area. Dogecoin price managed to correct higher Intraday, but there is no doubt that buyers may find it very difficult to break through the 40.0 Satoshi level. Can we Buy Now? It would be tough to say....
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....