Dogecoin Price Technical Analysis - 100 MA Holds Key
Key Highlights. Dogecoin price declined and breached an important support area, but buyers managed to defend the downside and pushed the price back higher. A bearish trend line is protecting upsides in the near term, which can be seen as a catalyst. 100 hourly moving average is a major factor for sellers and buyers, as it represents a key pivot zone. Dogecoin price declined to trade below 64.7 Satoshis, but there was a sharp pullback noted after the fall. Can price move higher? Dogecoin price fell Intraday and breached the previous low of 64.7 Satoshis to trade as low as 63.5 Satoshis.....
Related News
Dogecoin Price Key Highlights. Dogecoin price surged higher one more time to retest the previous swing high as anticipated in yesterday's analysis. The price failed once again around 90.0 Satoshis, which raises the prospect of a double top pattern. 100 MA still holds the key for more losses in the near term. Buying Dogecoin on dips turned out to be a great plan, as the price traded higher after testing the 100 MA. Double Top Pattern. As mentioned and forecasted yesterday, there was an upside move in Dogecoin price after sellers failed to take the price below the 100 hourly MA. The price....
Dogecoin Price Key Highlights. Dogecoin price continued to trade lower and even created a new low to trade near 50.0 Satoshis. 50.0 Satoshis holds a lot of importance in the near term, and might produce a bounce moving ahead. A break below the stated level could ignite a major downside reaction if sellers gain control. Dogecoin price continued to slide, and even cleared the last low of 51.3 Satoshis to trade towards 50.0 Satoshis. Trend Line Support. There was a new low created this past week in the Dogecoin price at 51.3 Satoshis. However, sellers were in control, which took the price....
Dogecoin has undergone a massive correction of roughly 10% in the past 24 hours, with the price nose-diving from 49.8 satoshis to 45.1 satoshis. As a result of this fall, Dogecoin has neared the floor of 43 satoshis, which if cracked, could lead to a severe collapse in the price. But, will it? Let us find out with the help of technical analysis below. Technical analysis implemented on the 240-minute Dogecoin/Bitcoin price chart reveals that bears are pouncing on every opportunity to jettison Dogecoin en masse. The support of 43 satoshis may well give way to a lower ground, if bulls....
An absolute calm has engulfed Dogecoin as the price remains trapped in a tight range of 50.8-51.9 satoshis. The market is severely testing the patience of the short-term traders, who now fear that a surprise breakout could trigger huge losses. The market may be waiting for a trigger to break free but until that happens, it would only be wise to trade the range with minimum quantities. Dogecoin price chart, Dogecoin analysis. Nothing much has changed in the past 24 hours in terms of price (the current value of each Dogecoin is 51.1 satoshis) but the chart structure has definitely....
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....