Dogecoin Price Technical Analysis - Continuous Failure
Key Highlights. Dogecoin price continued to trade in a range, as there was no real move in one particular direction. 0 Satoshis and 62.0 Satoshis remain key barriers for sellers in the near term. The market is positioned for a nasty move once the consolidation phase is completed. Dogecoin price is hesitant to move in one particular direction, but once there is a break a solid move is likely. Direction of Break. We stated that the Dogecoin price is consolidating since the last couple of days, as both buyers and sellers struggled to move things. There is a monster support forming around 64.0....
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Dogecoin Price Key Highlights. Dogecoin price failed once again to break in one direction, and continued to trade in a range. 0 Satoshis on the downside and 68.0 Satoshis on the upside are range support and resistance areas. There are no signs of a break as the price continues to consolidate this week. Dogecoin price failure to break is a worrying sign, and points to a nasty move in the near term. Continuous Range Trading. We are waiting for a break for the last couple of days, but both sellers and buyers failed to take the price higher or lower. It leaves the price trading in a range, and....
Key Highlights. Dogecoin price continued to struggle to trade higher, as a major bearish trend line is protecting gains. 100 hourly moving average is still a major deciding factor for more gains as highlighted in yesterday's forecast. On the downside, 64.0 Satoshis remains a pivot area for sellers. Dogecoin price consolidating below the bearish trend line, as the chances of a break higher increase with each failure to move lower. What are the chances of a break? Dogecoin price continued to test a critical bearish trend line as highlighted in yesterday's analysis. There are at least 10....
Key Highlights. Dogecoin price continued to break higher and faced a monster resistance around a bearish trend line as highlighted in yesterday's post. The price created a new low recently, and remains at risk of more losses in the near term. 100 MA continues to act as a pivot area for the price. Dogecoin price failure to move above 76.0-78.0 Satoshis was a warning sign for buyers that resulted in a move lower. Heading Lower? Dogecoin price yesterday attempted one more time to take out a critical bearish trend line on the hourly chart. However, buyers failed once again to take the price....
Dogecoin Price Key Highlights. Dogecoin price remained weak and stayed below an important pivot area of 50.0 Satoshis. As long as the price is below the mentioned area, more losses cannot be discarded moving ahead. There are many hurdles on the way up for buyers, so they might struggle to take the price higher. Dogecoin price is trading below 50.0 Satoshis and it is likely that it might head further lower in the short term. Break below 46.0 Satoshis? As we know that the Dogecoin price moved lower this week, and even traded below a very crucial support area of 50.0 Satoshis, Due to this,....
Key Highlights. Dogecoin price made an attempt to trade higher and cleared a bearish trend line highlighted in yesterday's post. The price found resistance around 56.5 Satoshis, which represents a major hurdle for buyers. The price is currently trading around the 100 hourly simple moving average and setting up for the next move. Dogecoin price failed twice to break an important level of 56.5 Satoshis, which creates a risk of o double top pattern. Move Down? We highlighted a bearish trend line in yesterday's technical analysis, which acted as a resistance for some time and later paved the....