Dogecoin Shows Striking Resemblance With 2017’s Price Trend, Will It Trigger ...
A potential shift from bearish performances in Dogecoin’s price seems to be on the horizon as the chart shows an encouraging trend of growing bullish momentum. With DOGE’s upside strength gradually building, analysts believe that the meme coin could be entering the beginning of a notable price move to higher levels. Is Dogecoin’s History About […]
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Key Highlights. Dogecoin price is possibly trading at a major crossroads, as there is a range formed on the hourly chart. Secondly, the price is currently testing a monster bearish trend line formed on the 4-hours chart. A break above the highlighted trend line and resistance area may trigger an upside rally. Dogecoin price is above the 100 simple moving average (4-hours chart), which may encourage buyers to break the trend line and resistance area. Break likely? Dogecoin price recovered well recently, as it traded above a major hurdle of 35.0 Satoshis, and the 100 MA on the 4-hours chart....
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....
The Dogecoin price has since retraced after its run to $0.3 as sell-offs had grown stronger over the last week. There is also the fact that the Fed had cut interest rates by a quarter of a point last week, but because it was already priced into the market, there was barely any reaction to it. As such, the Dogecoin price stalled and continued to follow the established downtrend. But as the meme coin ushers in a new week, there is the possibility of a recovery and even a rally from here. The Current State Of Dogecoin Crypto analyst MadWhale outlined some notable developments surrounding the....
As Wednesday drew to a close, Dogecoin witnessed a pullback due to growing bearish market sentiment, causing the dog-themed meme coin to enter a consolidation phase. DOGE’s price may be consolidating, but a crypto analyst claims that the development is a promising one that could trigger an upward trend to higher levels. DOGE Prepares For […]