Dogecoin Price Weekly Analysis - Consolidation Phase
Key Highlights. Dogecoin prices continued to move inside a broad range. There is a major resistance formed around 71.8 Satoshis, which acted as a barrier for buyers on many occasions. This past week we were expecting the price to move higher. It did move higher, but 71.8 Satoshis stalled the upside in the near term and pushed the prices lower. There were many attempts to clear the stated area, but every time buyers managed to take the price higher sellers defended the upside. One worrying sign to note is that there is a monster bearish candle formed on the hourly chart of Dogecoin, which....
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Dogecoin Price Key Highlights. Dogecoin price continued to consolidate and setting up for a huge move in the near term. 0-64.0 Satoshis is a key support area, which is a monster pivot zone for both buyers and sellers moving ahead. Dogecoin price consolidating in a tiny range for this long is a warning sign, and could ignite a solid move ahead. The Dogecoin price does this often as it trades in a small range for some time and then trades or we can say spikes in one direction to surprise traders. This past week the price traded in a tiny range, but there was still no break. We were waiting....
Key Highlights. Dogecoin price after spiking twice above 80.0 Satoshis started a consolidation phase. 0 Satoshis is acting as a major support area for buyers and might hold for some time. There is a chance of a double top pattern formation, but it might need some seller's strength for a move lower. Dogecoin price might continue to consolidate for some time as there is a monster support building around 64.0-62.0 Satoshis. What's next? There were nasty moves in Dogecoin price, as it spiked more than two time above 80.0 Satoshis, but failed to sustain gains. It is the same reason for which....
Dogecoin Price Key Highlights. Dogecoin price did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....
Dogecoin Price Key highlights. Dogecoin price is still stalling around the near-term support level, which has held since yesterday. Price has pulled back to the dynamic resistance at the 100 SMA and made another attempt to break below the support at 47.5 Satoshis. Dogecoin price is currently hovering at the consolidation support level and latest lows, with a potential downside break likely to confirm a pickup in selling pressure. Further consolidation possible. The lack of any market catalysts or liquidity could open the possibility of further sideways movement for dogecoin price, as the....
The contraction in Dogecoin channel has limited the price movement from 46.6 satoshis to 48.3 satoshis - much narrower than the previous range of 46.6-50 satoshis. I had discussed the possibility of the consolidation extending earlier because neither of the parties is willing to exert force. The current value of each Dogecoin is 47.9 satoshis. Analysis of the 240-minute Dogecoin/Bitcoin price chart supports my earlier view that the consolidation may prolong. Bollinger Bands - The latest price contraction has witnessed Bollinger Bands playing a crucial technical role. As is evident from the....