Dogecoin Weekly Analysis - Slow and Steady Uptrend
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....
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Dogecoin (DOGE) remains a notable outlier in the cryptocurrency market, as it struggles to replicate the impressive price surges seen in other digital assets. However, all hope is not lost. Despite its lackluster performance, market expert Ali Martinez has offered a glimmer of hope for DOGE enthusiasts. Martinez’s technical analysis, based on the TD Sequential indicator, has signaled a potential uptrend for Dogecoin. However, investors should approach these predictions with caution, as the market’s volatility remains a significant factor. #Dogecoin appears ready to start a new....
Aave’s token has been caught within a slow and steady uptrend throughout the past few days and weeks. It has been one of the beneficiaries of the recent rebound in the DeFi market, as it was previously caught within a firm downtrend. This has since reversed, but the cryptocurrency is now struggling to maintain its […]
Bitcoin price is still keeping up its uptrend but bulls seem to be having a difficult time pushing for more gains. Bitcoin Price Key Highlights. Bitcoin price is still crawling inside its ascending channel pattern visible on the 1-hour time frame. Price seemed to make a downside break from support but the dynamic inflection points held as a floor and kept it on an uptrend. Technical indicators seem to be hinting that the climb could carry on, albeit at a slow pace. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside.....
Key Highlights. Dogecoin price looks like created a short-term top and may continue to move lower moving ahead. The highlighted resistance area at 41.0 Satoshis proved a crucial barrier and might push the price down. If sellers manage to break 38.0 Satoshis, then a move towards 36.0 Satoshis is possible in the near term. Dogecoin price failing to move above 41.0 Satoshis is a bearish sign and could ignite another round of selling if sellers step in. Downside Slide in Dogecoin Price. Dogecoin price had no relief, as there were no signs of bulls. On the other hand, there are a few signs on....
Data shows the Bitcoin mining hashrate seems to have hit a plateau since the beginning of March, after observing a steady rise for many months. Bitcoin Mining Hashrate Has Mostly Moved Sideways In The Past Month According to the latest weekly report from Arcane Research, the BTC hashrate has broken its upwards movement and has […]