Dogecoin Price Technical Analysis - 30-Min Chart Suggests a Break

Dogecoin Price Technical Analysis - 30-Min Chart Suggests a Break

Key Highlights. Dogecoin's price traded a few points higher and is currently trading near a major resistance area on the 30-min chart (data feed from HitBTC). There is a hint of a break above a bearish trend line on the 30-min chart, which can take the price higher. Looking at the hourly chart (data feed from CEX. IO), there lies a major confluence resistance zone at 31-32 satoshis. Dogecoin's price is still below a pivot area of 31-32 satoshis, but looking at the 30-min chart, there is a chance of a minor upside move. Can Buyers Capitalize? We have been following a major resistance area....


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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....

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Key Highlights. Dogecoin's price stayed in a range, and is now forming a contracting triangle on the hourly chart (data feed from HitBTC). There is a chance that the price may consolidate for some time before breaking in a direction, either up or down. Looking at the 2-hour chart (data feed from IO), a major breakout resistance is forming near 32-33 satoshis. Dogecoin's price is below the 100 MA (2H), which is discouraging buyers from taking it higher. A break above it may call for an upside move in the short term. What's next? Dogecoin's price continued to annoy traders, as there was no....

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