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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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....
An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....
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,....
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....
Key Highlights. Dogecoin price continued to consolidate in an important range of 41.0 Satoshis - 36.0 Satoshis. A monster barrier at 41.0 Satoshis is preventing gains and not letting buyers take control. The price is around 100 hourly simple moving average (price feed from HitBTC), which is acting as a hurdle for an upside move. Dogecoin price looks like consolidating below 41.0 Satoshis, and setting up for the next leg that can be either higher or lower. 100 MA as Resistance for Dogecoin Price. Dogecoin price continued to stay below a major resistance area near 41.0 Satoshis, and it looks....