Dogecoin Price Weekly Analysis - Break Near?
Key Highlights. Dogecoin price continued to confuse traders and not willing to head in one particular direction. Buyers look like taking the price higher in the near term if they manage to take it above 80.0. Dogecoin price failing to move below 64.0 Satoshis is a warning sign and points to more gains moving ahead. There were a couple of spikes lower towards the 65.0-64.0 Satoshis this past week where buyers defended losses and pushed back higher. The price action was very choppy this past week, as there were a few lows formed, but no convincing follow through was noticed. There is a now a....
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Dogecoin Price Key Highlights. We highlighted this past week a contracting triangle pattern on the hourly chart, which acted as a pivot and caused a break. There was a downside break as anticipated which took the price towards another important support area of 56.5 Satoshis. The price is below the 100 hourly simple moving average (SMA), which is a worrying sign for buyers. Dogecoin price breached an important breakout pattern this past week, and showing more bearish signs on the hourly chart. Triangle Break. In one of the recent analysis, we highlighted a contracting triangle pattern on....
The Dogecoin price is gearing up for a significant break out to new upsides, as a crypto market expert shares a key technical analysis to support this prediction. The analyst believes that Dogecoin can skyrocket to $0.65 if it can maintain key support levels and avoid a further price breakdown. Dogecoin Price Set For $0.65 […]
Dogecoin Price Key Highlights. Dogecoin price continued to trade in a tiny range and inside two trend lines on the hourly chart. The upper trend line on the hourly chart is acting as a monster barrier for buyers for more gains. However, as long as the price is above the 50 Satoshis, there are chances of more upsides moving ahead. Dogecoin price continued trade inside a range, and it looks like it is setting for a break in the near term. Break ahead? The Dogecoin price is forming an interesting pattern, which is setting up for a break in the short term. As highlighted in the previous week's....
Dogecoin price may gain further in the near term. However, for that to happen the price needs to break the 100 SMA on H4 chart. Important Support area can be at 52.0 Satoshis. Dogecoin price weakened initially this past week and traded below the 50.0 Satoshis, but managed to recover later on. The price traded as low as 47.5 Satoshis before climbing back higher. The price traded positively and managed to break a bearish trend line formed on the 4-hours chart (data feed from HitBTC). The price also settled above the 23.6% Fib retracement level of the last wave down from the 64.0 Satoshis....
Key Highlights. Dogecoin price surged higher and created a new high above 90.0. Buyers are in control, as the market sentiment is still favoring them. This past week in an analysis, we stated that there is a double top pattern forming on the hourly chart of Dogecoin, but the price remains at risk of a break higher as there was no real reason for sellers to take the price lower. As mentioned, the 100 hourly simple moving average is still a major factor for the coming days, as a break below the same might call for a trend change. We highlighted on a number of occasions the importance of the....