Dogecoin Buyers Hesitates, but Further Gains Seem Likely
Key Highlights. Dogecoin price after settling above an important resistance area consolidating in a tiny range. 68.0-69.0 Satoshis levels hold the key for more upsides in the near term. A break above 71.0 Satoshis might set the price for a move towards the last swing high of 77.0 Satoshis. Dogecoin buyers managed to take prices higher, but there was a lack of momentum which ignited a consolidation phase. Upside Break? During this past week, we followed a critical resistance area around 69.0-70.0 Satoshis for Dogecoin. There was an upside break during the end of week, which called for more....
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Dogecoin Price Key Highlights. Dogecoin price stayed above a major support area of 50.0 Satoshis, which is a positive sign. The bearish trend line highlighted in yesterday's post is acting as a barrier for buyers. 0-54.0 Satoshis can be seen as a crucial pivot, and if breached more gains are likely. Dogecoin price popped higher and made one more attempt to break higher, but failed. 54.0 Satoshis as pivot. As we mentioned many times that the support area of 50.0 Satoshis is major zone for buyers and as long as the price is above it, there is a chance of more gains. Yesterday, we highlighted....
Dogecoin Price Key Highlights. Dogecoin price after trading as low as 51.3 Satoshis traded higher, but struggling to clear a major resistance area. There lies a significant resistance around the 100 hourly simple moving average acting as a hurdle for buyers. A break above it is needed if buyers have to take the price higher in the near term. Dogecoin price struggle continued, as the 100 hourly MA is acting as a barrier for more gains. Can Buyers make it? We highlighted in yesterday's post that the Dogecoin price managed to find support near 51.3 Satoshis. It is now making an attempt to....
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
Key Highlights. Dogecoin continued to struggle around the previous swing high of 51.7. It is currently moving lower as forecasted in one of the previous analyses and looks set for a break in the near term. A pullback in Dogecoin is hard to consider as a reversal sign, as most technical indicators are still favoring buyers and more upsides. There is a crucial breakout pattern formed on the hourly chart of Dogecoin, as there is a contracting triangle shaped, and waiting for a catalyst for the next move. As of writing, prices are around the triangle resistance trend line and buyers are trying....
Key Highlights. Yesterday's idea that there can be more gains in Dogecoin, and buying dips is a good option worked as prices dipped and surged higher one more time. There is a major resistance building up around 77.5 Satoshis where buyers might struggle. Dogecoin continued to gain traction as buyers remain in control, but it would be really interesting to see how long the bullish trend can continue. 77.5 Satoshis as a Barrier. One more hurdle was cleared by Dogecoin buyers recently, as 71.7 Satoshis (Yesterday's high) was breached to set a new weekly high. There is a lot of bullish....