Dogecoin Price Technical Analysis - 60.0 Satoshis as Barrier
Dogecoin Price Key Highlights. Dogecoin price struggled to hold the ground and traded lower to set a new low below 54.0 Satoshis. There was a bullish trend line formed on the hourly chart, which was breached and failed to help buyers. There is amajor resistance forming around 60.0 Satoshis, which must be cleared for more gains. Dogecoin price after setting a new low corrected higher, but facing a major resistance around 60.0 Satoshis. Break Ahead? We highlighted recently that price struggled to close above the 100 hourly simple moving average, there was a bullish trend line formed on the....
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Dogecoin Price Key Highlights. Dogecoin price fell further Intraday and traded close to a major support area of 50.0 Satoshis. 0 Satoshis acted as a barrier and pushed the price higher. There is a monster support trend line sitting near 50.0 Satoshis, acting as a hurdle for sellers. Dogecoin price moved lower and closer to a trend line and support area where buyers appeared to prevent downsides. 53.0 Satoshis as resistance. Yesterday, we mentioned that there was adownside reaction in the dogecoin price, which took it closer to a major support area of 50.0 Satoshis. The downside move was....
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....
Key Highlights. Dogecoin price continued to consolidate in an important range of 41.0 Satoshis - 36.0 Satoshis. A monster barrier at 41.0 Satoshis is preventing gains and not letting buyers take control. The price is around 100 hourly simple moving average (price feed from HitBTC), which is acting as a hurdle for an upside move. Dogecoin price looks like consolidating below 41.0 Satoshis, and setting up for the next leg that can be either higher or lower. 100 MA as Resistance for Dogecoin Price. Dogecoin price continued to stay below a major resistance area near 41.0 Satoshis, and it looks....
Dogecoin price Key Highlights. Dogecoin price struggled to clear a major resistance around 60.0 Satoshis earlier, but now there is a break noted. As mentioned in yesterday's analysis, a break above 60.0 Satoshis might ignite an upside reaction, which is exactly what happened. The next level of selling interest could be seen around 64.0 Satoshis where sellers might appear. Dogecoin price managed to clear an important resistance around 60.0 Satoshis, which has opened the doors for more upsides. More Gains? We highlighted recently that price is facing a major barrier around 60.0 Satoshis, as....
Key Highlights. Dogecoin price continued to struggle to clear an important bearish trend line as highlighted in yesterday's post. 0 Satoshis is turning out to be a major barrier for buyers. Most technical indicators are pointing more gains in the short term. Dogecoin buyers continued to push the price higher, but failed to clear a critical barrier at 78.0 Satoshis. What's next? Dogecoin price is heading towards a major break if buyers succeed in taking it above a crucial bearish trend line on the hourly chart. The highlighted trend might turn out to be major factor in the short term, as....