Dogecoin Price Technical Analysis - First Target Achieved
Dogecoin Price Key Highlights. Dogecoin price fell and traded close to our first sell target of 76.0 Satoshis as anticipated in yesterday's analysis. There was a buying interest noted around 71.0 Satoshis where sellers stepped back. The bearish pressure remains intact, as there are many hurdles formed on the upside for buyers. Our forecast of a move lower was right, as there was a downside reaction Intraday taking the price towards 71.0 Satoshis. What's next? Yesterday, the price broke a critical support area of 76.0 Satoshis, which was one of the main reasons we thought that the price....
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The Christmas isn’t turning out to be merry for Bitcoin. The cryptocurrency is struggling near the overhead resistance of $465. It is now trading 1.28% lower at $450.89, raising concerns that the market participants might pull out their funds in the holiday season. As a result, several technical indicators are also showing declines. We advised in the previous Bitcoin price technical analysis Target Achieved that traders should book at least partial profits in their long positions. And for today’s analysis, we will again be using the 4-h BTC-USD price chart from BITSTAMP.
Dogecoin Price Key Highlights. Dogecoin price moved lower and traded close to 50.0 Satoshis to fulfil our target of the last week. The price found support around the mentioned area and currently making an attempt to correct higher. 100 hourly simple moving average is still a pivot area for the price, as buyers struggled to break it. Dogecoin price traded lower and formed a new low below 52.0 Satoshis before starting to recover from losses. What's next? We mentioned in one of the last week's analyses that there is a chance that the Dogecoin price might trade towards 50.0 Satoshis. It did....
Key Highlights. Dogecoin price surged higher as forecasted in Yesterday's post. It managed to clear an important resistance at 70.0 Satoshis, which helped buyers to gain ground. More upsides are likely and a pullback from the current levels might be seen as buying opportunity. Dogecoin rocketed higher Intraday to trade above 75.0 Satoshis, and stays in the positive zone for another leg higher. 70.0 As a Support. As mentioned, Dogecoin price managed to climb above 70.0 Satoshis, which was a barrier for buyers. So, moving ahead it might provide support if the price moves lower from the....
Key Highlights. Dogecoin price fell and tested our sell target of 30.0 Satoshis where buyers may appear. There is a chance of a bounce from the stated level, as it represents a major support as highlighted in the 2-hours chart (price feed from CEX. IO). On the upside, the hourly simple moving average could continue to stall gains and prevent the upside move. Dogecoin price reached 30.0 Satoshis as forecasted, and now it's time for sellers to consolidate and wait for a short-term correction. Recovery Possible? Dogecoin price continued to move down Intraday, and cleared yesterday's low to....
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....