Dogecoin Price Technical Analysis - Target Hit, What's Next?
Key Highlights. Dogecoin sellers were crushed, as the price surged higher to trade above a critical resistance area of 53.2 Satoshis. It traded close to 60.0 Satoshis where sellers managed to defend more gains. Recent gains in Dogecoin were impressive, but buyers need to be careful moving ahead as it is now approaching a crucial area around 60.0 Satoshis. In Yesterday's post, we highlighted that 53.2 Satoshis is a major barrier for buyers, and if they manage to clear it more upsides are likely. Dogecoin price moved higher, closed above the mentioned resistance, and even traded above 58.0....
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Dogecoin Price Key Highlights. Dogecoin price failed once again to trade above the 100 hourly moving average and declined intraday. The price continued to struggle and our forecast to target additional weakness remains intact. More losses are likely in the near term as long as the price is below 76.0. Dogecoin price fell one more time yesterday and almost tested the last low of 64.7 Satoshis, which is a strong bearish sign. How important is 100 MA? Dogecoin price fell intraday as forecasted in yesterday's analysis. We were anticipating a new low below 64.7 Satoshis, but the price managed....
The Dogecoin price is closing in on a critical technical trendline that could ignite its next major rally. After months of downward pressure, analysts are eyeing a possible breakout toward the long-awaited $1 target. $1 Dogecoin Price Target Closer Than Ever Crypto analyst Master Kenobi believes that the Dogecoin price could reach the highly coveted $1 target before the end of this market cycle. Based on his technical analysis, DOGE is once again mirroring a historical breakout pattern that previously led to an explosive surge in price. Related Reading: Is Shiba Inu On Track To Dethrone....
Dogecoin is still reeling in losses after a crazy 40% decline at the start of the week. Although it has since recovered a bit, Dogecoin is still on a 20% loss in a seven-day timeframe at the time of writing. However, technical analysis suggests that Dogecoin’s bull run might still be in play, and the meme coin could still reach the $10 price target this cycle. This analysis is based on the time taken for Dogecoin to reach new all-time highs and market peaks in the previous cycles. Dogecoin’s Historical Cycles and Price Peaks Dogecoin’s price movements have historically....
There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
Dogecoin is providing the market participants with ample opportunities to profit from by participating in range trading. I have been maintaining that rallies up to 50 satoshis can be utilized to build short positions for a target of 47 satoshis, and as can be seen, the recent surge to 49.5 satoshis was quickly followed by a drop to the mentioned target. Even with high volatility hitting the market, Dogecoin is unchanged from yesterday's level of 47 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart above tells of an extended sideways range which would continue to provide....