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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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....
Key Highlights. The Dogecoin price is finding it hard to get a reason for a move higher, as it remained under the bearish pressure. There is a bearish trend line formed on the 30-mins chart (price feed from CEX. IO), suggesting a downside move. There is a possible false spike higher noted on the hourly chart of the price feed provided by HitBTC. Dogecoin price remains at a risk of further losses, and slowly all possible bullish signs start to diminish with sellers stepping in. Trend Line as Resistance. There is a bearish trend line forming on the 30-mins chart of the Dogecoin price (data....
Dogecoin Price Key Highlights. Dogecoin price traded lower and tested 42.0 Satoshis which can be seen as a short term support area. The hourly RSI is below the 50 level, i.e. a negative sign and might push the price further lower. There is a lot of bearish pressure noted on the Dogecoin price, which might increase with time. Dogecoin price struggling to gain momentum, which increases the risk of it moving lower in the near term. What's next? There was a downslide in the Dogecoin price recently, which took it below the all-important 50.0 Satoshis. The price traded as low as 42.0 Satoshis,....