Dogecoin Weekly Analysis - Buyers Facing Major Resistance
Key Highlights. Dogecoin continued to move lower as can be seen clearly on the daily chart. 5 satoshis is a major hurdle for Dogecoin where buyers might continue to struggle in the near term. The Daily Dogecoin/Bitcoin price chart suggests that sellers are in control, as Dogecoin moved lower to test 30 satoshis. It managed to find support and traded back higher, but found resistance around an important bearish trend line. There is a major cluster of hurdles formed at 39.5-40.8 satoshis, which is coinciding with the highlighted trend line. The Dogecoin price is also below the middle band of....
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Key Highlights. We mentioned time and again this past week that there is a major resistance around 60.0 Satoshis, which was breached to open the doors for more gains. There is now another barrier formed around 64.0 Satoshis, which is acting as a hurdle for buyers. There is a confluence of trend line and Fib level formed around the stated level acting as a resistance. Dogecoin price managed to clear a critical level, but it still remains at risk as the 64.0 Satoshis is also a major hurdle. Downside Move? We highlighted recently that the price is facing a major hurdle around 64.0 Satoshis,....
Dogecoin Price Key Highlights. Dogecoin price created a minor new low of 51.0 Satoshis, and managed to correct higher in the short term. As mentioned in the previous week's analysis, there is a significant resistance around the 100 hourly simple moving average. A break above it might ignite an upside reaction, taking the price higher moving ahead. Dogecoin price might trade higher if buyers manage to clear the 100 hourly MA and a bearish trend line. Break Feasible? There was a continuous rejection around the last swing low of 51.0 Satoshis, where sellers struggled to clear the mentioned....
Key Highlights. Dogecoin buyers trying their best to clear an important resistance area at 71.8 Satoshis. A broad range of 65.0-72.0 Satoshis as highlighted in the previous analysis continued to contain buyers and sellers. A break is must if we need to see some action in the short term. If you are considering to trade Dogecoin, then better wait for a convincing break above 72.0 Satoshis to enter a buy trade. Can it break higher? There was a large bearish candle formed on the hourly chart of Dogecoin recently, as highlighted in the weekly analysis. However, sellers failed to capitalize on....
Dogecoin price is trading with a positive tone. However, there is a crucial resistance building near 75.0 Satoshis where buyers may struggle. Intraday Support Level can be 66.0 Satoshis. Intraday Resistance Level may be 75.0 Satoshis. Dogecoin price after dipping close to the 54.0 Satoshis found support and started to move higher. There was a major resistance formed near a bearish trend line formed on the 4-hours chart (data feed from HitBTC). The highlighted trend line was coinciding with the 50% Fib retracement level of the last drop from the 79.2 Satoshis high to 54.1 Satoshis low.....
Key Highlights. Dogecoin managed to climb slowly above 50 Satoshis, but upsides were limited as it settled around 51.6. 100 simple moving average is a major support on the downside, and might prevent losses in the near term. The hourly chart of Dogecoin suggests that it is in an uptrend and might continue to trade higher if buyers manage to clear 51.6 Satoshis. There was a major resistance around 50.0, as highlighted in one of the recent technical analyses. Buyers managed to clear the mentioned resistance area, but the move higher was not convincing. There was a consolidation pattern....