Dogecoin (DOGE) Pauses After Gains, Setting Up for a Possible Sharp Move
Dogecoin started a steady increase above $0.1550 against the US Dollar. DOGE is now consolidating and might decline sharply if it trades below $0.1490. DOGE price started a fresh increase above $0.1480 and $0.150. The price is trading below the $0.1520 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.1495 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could aim for a fresh increase if it remains stable above $0.1490. Dogecoin Price Consolidates Gains Dogecoin price started a fresh increase after it....
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Key Highlights. Dogecoin prices moved above 0 Satoshis as forecasted in one of the previous analyses. It looks like prices have topped in the short term and Dogecoin is setting up for a major correction. We were following a bullish trend for Dogecoin as the price continued to move higher. However, there was a sharp reaction around 80.0-85.0 Satoshis where sellers defended the upside successfully. Dogecoin has lost most of its gains and moved back towards an important support area of 60.0 Satoshis. It traded as low as 62.0 Satoshis, and might test 60.0 Satoshis in the short term. The....