Dogecoin Price Remains at Risk for Key Reasons
Dogecoin Price Key Highlights. Dogecoin price continued to weaken, as sellers remain in control. The price has settled below an important support area of 60.0 Satoshis, which leaves it at risk of more declines. A new low below 55.0 Satoshis was formed, as buyers failed to defend losses. Dogecoin price traded lower this past week, and even breached a crucial support area of 60.0 Satoshis. More Losses? As mentioned earlier, there was a downside move in the Dogecoin price this past week. There are a couple reasons due to which the recent break is critical. First, the price settled below an....
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Dogecoin (DOGE) is at risk of a significant price decline due to its network activity, which has remained flat for a while now. Despite a bullish spike in some other metrics, this on-chain metric remains vital for the foremost meme coin’s growth. Dogecoin Network Activity On The Low Data from the market intelligence platform IntoTheBlock […]
Unlike larger-cap cryptocurrencies such as Bitcoin and Ethereum, the Dogecoin price remains low and is still a long way from its all-time high that was reached back in 2021. Now, especially with the crypto market seeing intense selling pressure all around, the Dogecoin price is still at risk of a massive decline, and this decline […]
Key Highlights. Dogecoin price declined and traded below an important support area of 76.0 Satoshis as anticipated in yesterday's analysis. It looks like the price is heading towards the next level of support at 71.0. 100 hourly MA still remains a concern for buyers, as they failed to break it on many occasions. We were right when we noticed a break in Dogecoin price chart, as there was a downside thrust Intraday. What's next? We highlighted the possibility of a down-move in Dogecoin price yesterday, which continued as the price moved below a critical support of 76.0 Satoshis. There was a....
Dogecoin Price Key Highlights. Dogecoin price failed to move higher as anticipated in yesterday's analysis and remains at risk of a break lower. The price is trading around an important support area that holds the key in the near term. On the upside, the 100 hourly MA may act as a resistance moving ahead. Buyers struggled to keep Dogecoin price higher, and as a result the chance of a break lower increased Intraday. Trend Line Support Area. We have been following a critical bullish trend line on the hourly chart of Dogecoin price, which provided support many times. Currently, the price is....
The Dogecoin Price is far lower than it should be. Dogecoin is one of the most popular cryptocurrencies according to many metrics. Traders judge cryptocurrencies on many criterion, all of which sites like CoinGecko specialize in tracking. According to CoinGecko, Dogecoin is 2nd only to Bitcoin. It boasts an active community, which has banded together to achieve a number of incredible goals-such as sponsoring NASCAR driver Josh Wise. Despite these successes, the Dogecoin price has fallen tremendously over the past several months, which does not make logical sense to many now-enlightened....