Dogecoin Price Technical Analysis - Massive Rally
Key Highlights. As forecasted in yesterday's post, Dogecoin prices surged higher and traded above 70.0 Satoshis. Dogecoin enjoyed a huge rally as it was up by more than 8% in a single day. Dogecoin finally settled successfully above 60.0 Satoshis and marched higher to gain heavily Intraday, and it looks set for more upsides in the short term. What's next? Dogecoin buyers managed to clear yesterday's high around 60.8 Satoshis. After prices settled above the mentioned resistance, it gained pace and surged sharply by more than 8% to trade above 70.0 Satoshis. It traded as high as 71.7....
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Dogecoin has undergone a massive correction of roughly 10% in the past 24 hours, with the price nose-diving from 49.8 satoshis to 45.1 satoshis. As a result of this fall, Dogecoin has neared the floor of 43 satoshis, which if cracked, could lead to a severe collapse in the price. But, will it? Let us find out with the help of technical analysis below. Technical analysis implemented on the 240-minute Dogecoin/Bitcoin price chart reveals that bears are pouncing on every opportunity to jettison Dogecoin en masse. The support of 43 satoshis may well give way to a lower ground, if bulls....
Dogecoin has often demonstrated its ability to defy expectations and go on notable price surges from time to time. The most notable of these rallies was the 2021 rally, which saw Dogecoin peaking at its current all-time high. However, the best might be yet to come, as technical analysis suggests that Dogecoin is still on […]
Technical analysis of Dogecoin’s price action shows that Dogecoin bulls are currently working hard to register a break above the $0.2 resistance price level. However, beyond the immediate battle at the $0.20 resistance, a broader technical perspective presents a far more interesting possibility of Dogecoin reaching new all-time highs very soon. Specifically, the technical analysis of Dogecoin’s monthly candlestick timeframe chart indicates that its price is currently in the formation of a rally between June and July 2025. Related Reading: Bitcoin To Hit $180,000 In 2025?....
Crypto analyst EWT has made a bullish case for the Dogecoin price, predicting it could rally to as high as $8.5. His analysis explained why the foremost meme coin could reach such an ambitious price target. Analyst Predicts Dogecoin Price Rally To $8.5 In an X post, EWT predicted that the Dogecoin price could rally […]
Dogecoin has leapt a massive 8% today disrespecting the resistance level of 50 to be trading at 50.8 satoshis. I have been maintaining in earlier analyses that a major move was expected in Dogecoin as the week comes to a close. The bears have given away the slight advantage that they had over the bulls and the onus is now completely on bulls to tighten their grip. Taking a technical look at the 240-minute Dogecoin/BTC price chart above reveals that the upmove has been backed by strength and that maintaining this bullish momentum will be the key to see a further rise in the market cap of....