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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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....