Dogecoin Price Technical Analysis - Target Additional Weakness
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....
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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 has been trading in a bearish momentum in the past few weeks, which has caused its price to break below critical resistance levels around $0.3 and now struggling around $0.2. This downtrend has seen the Relatice Strength Index (RSI) indicator trending downwards very massively, with the 1-day RSI particularly slipping into oversold territory. However, an interesting technical outlook suggests that the Dogecoin price might reverse to the upside very soon to reach an ambitious $0.90 price target. Dogecoin Trading Near Channel Bottom As RSI Signals Weakness A recent analysis from a....
Key Highlights. Dogecoin price cleared a contracting triangle as highlighted recently, and traded lower. The price remains under the bearish pressure, which means more losses are possible moving ahead. A new weekly low was formed below 55.0 Satoshis, which can act as a support moving ahead. Dogecoin price suffered more losses and created a new low at 54.5 Satoshis, as buyers failed to hold the downside. More Losses. The Dogecoin price weakened Intraday, as sellers managed to clear an important support area in the form of a contracting triangle. We anticipated a break in yesterday's post,....
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....
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....