Dogecoin Price Weekly Analysis - No Real Move
Dogecoin Price Key Highlights. Dogecoin price continued to consolidate and setting up for a huge move in the near term. 0-64.0 Satoshis is a key support area, which is a monster pivot zone for both buyers and sellers moving ahead. Dogecoin price consolidating in a tiny range for this long is a warning sign, and could ignite a solid move ahead. The Dogecoin price does this often as it trades in a small range for some time and then trades or we can say spikes in one direction to surprise traders. This past week the price traded in a tiny range, but there was still no break. We were waiting....
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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....
Key Highlights. Dogecoin price failed once again to break a major resistance area near 0-32.0 Satoshis and traded lower. There is an important trend line and support area forming near 29.0 Satoshis on the 30-min chart (data feed from HitBTC). A break below the same may call for a move towards the last weekly low of 27.5. Dogecoin price continued to trade in a range, and there are no real signs of a break. We need to keep an eye on the 4-hours chart triangle pattern for the next move. Retest of lows? Dogecoin price recently spiked above 31.0 Satoshis resistance area, but failed to settle....
Dogecoin Price Key Highlights. Dogecoin price is struggling to hold the ground, as sellers look in control. There is an ascending channel pattern forming on the hourly chart, as highlighted in this past week's analysis. The price is trading near the 100 hourly simple moving average, which might produce a move in the near term. Dogecoin price is likely to continue in a range and might trade inside an ascending channel formed on the hourly chart. Range Trading Moves. We noticed a down-move in the Dogecoin price, as it moved below the last low of 52.0 Satoshis, and created a new low. There is....
Dogecoin price struggle continued this past week. However, it looks like there is a real chance of it trading higher in the days to come. Intraday Support Level can be 50.0 Satoshis. Intraday Resistance Level may be 60.0-62.0 Satoshis. Dogecoin price recently traded as low as 47.0 Satoshis where buyers appeared to prevent the downside move. The main reason why the price found support near the stated level was the fact that the 100 simple moving average on the daily chart was positioned near it. The price stalled near the 100-day SMA and currently attempting to trade higher. There is a....
Key Highlights. Dogecoin continued to move lower as can be seen clearly on the daily chart. 5 satoshis is a major hurdle for Dogecoin where buyers might continue to struggle in the near term. The Daily Dogecoin/Bitcoin price chart suggests that sellers are in control, as Dogecoin moved lower to test 30 satoshis. It managed to find support and traded back higher, but found resistance around an important bearish trend line. There is a major cluster of hurdles formed at 39.5-40.8 satoshis, which is coinciding with the highlighted trend line. The Dogecoin price is also below the middle band of....