Dogecoin Price Technical Analysis - New Low and High
Dogecoin Price Key Highlights. Dogecoin price completed our double top pattern, and created a new low Intraday below 60.0. There was a sharp reaction upwards, which took the price above the last high of 67.0. There was a choppy price action noted, as there were many swing moves during the past couple of sessions. Dogecoin price traded in a rough fashion during the last couple of sessions, as can be seen in the attached chart. Choppy Price Action. There was a downside reaction noted in the Dogecoin price, as our highlighted double top pattern on the hourly chart worked. The price fell below....
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There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
Dogecoin has often demonstrated its ability to defy expectations and go on notable price surges from time to time. The most notable of these rallies was the 2021 rally, which saw Dogecoin peaking at its current all-time high. However, the best might be yet to come, as technical analysis suggests that Dogecoin is still on […]
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 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....
As of today, I will start doing a daily dogecoin price technical analysis, so it is rather wise to set up resistance and support levels that will guide us through our analysis during the upcoming couple of weeks. Dogecoin price increased from 59 satoshis to 61 satoshis yesterday. Although the price dropped to 56 yesterday, the bears didn't manage to keep the downtrend rolling to keep the price down. Yesterday's market behavior proves that the 52 satoshi level is supporting the price well, as shown by the long downwards shadows of the candlesticks corresponding to today's and yesterday's....