Dogecoin Price Technical Analysis - Trend Continuation
Dogecoin Price Key Highlights. Dogecoin price struggling to gain pace, but there is a chance of it trading higher in the near term. There is a bullish trend line formed on the hourly chart, acting as a support for buyers. Buyers need to clear 60.0 Satoshis for more gains moving ahead. Dogecoin price struggling to hold the ground, but if buyers gain control, an upside move is likely. Trend Line Support. We highlighted recently that there was an upside break above 60.0 Satoshis, which represents a major pivot. However, the price dived one more time to close below the mentioned pivot area.....
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Dogecoin Price Key Highlights. Dogecoin price has been steadily trending lower, moving below a very long-term trend line visible on the daily and 4-hour charts. Price recently made a strong bounce up to the long-term resistance area, which continued to keep gains in check. Dogecoin price is set for further losses, as the descending trend line held as resistance and technical indicators support a continuation of the downtrend. Aiming for Previous Lows. With that, dogecoin price is back on track to test the previous lows around 36 Satoshis. Strong bearish momentum might even lead to a break....
Key Highlights. Dogecoin price broke an important triangle as forecasted in Yesterday's analysis. Downside momentum was limited, which creates a risk of a false break. 0 Satoshis is an immediate support, which must hold if the recent break is a false one. Dogecoin sellers cleared a critical support, but failed to gain pace, which is a worrying sign in the near term. Downside Continuation Likely. We highlighted atriangle pattern on the hourly chart of Dogecoin Yesterday, which was breached later during the day as forecasted. However, the break was not convincing, as there was no follow....
Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
Dogecoin price remains grounded, oscillating between a thin range of 50.8-51.2 satoshis. The 20-4h simple moving average continues to be an unsurpassable hurdle for the Dogecoin as bulls choose not to make any moves in the absence of positive triggers. The current Dogecoin price is 51.1 satoshis, slightly below the upper range of 51.2 satoshis. As can be seen from the 240-minute Dogecoin/BTC price chart, the cryptocurrency is barely moving anywhere. Technical analysis also points to a continuation of the sticky consolidation in the near future. Bollinger Bands - The Bollinger Bands have....
Dogecoin Price Key Highlights. Dogecoin price continued to move lower as anticipated in yesterday's post and looks poised for more losses. An important support area of 60.0 Satoshis was breached, which is acting as a resistance for buyers. A new bearish trend line is forming, which could act as a barrier if the price moves higher. Dogecoin price weakened Intraday, broke a major support area and looks poised for more declines in the short term. 60.0 Satoshis as Barrier. There was a downside continuation noted, as the price moved below a major support area of 60.0 Satoshis. The stated level....