Dogecoin Price Weekly Analysis - Perfect Failure
Key Highlights. We mentioned time and again this past week that there is a major resistance around 60.0 Satoshis, which was breached to open the doors for more gains. There is now another barrier formed around 64.0 Satoshis, which is acting as a hurdle for buyers. There is a confluence of trend line and Fib level formed around the stated level acting as a resistance. Dogecoin price managed to clear a critical level, but it still remains at risk as the 64.0 Satoshis is also a major hurdle. Downside Move? We highlighted recently that the price is facing a major hurdle around 64.0 Satoshis,....
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Key Highlights. Dogecoin price made one more attempt to go pass 60.0 Satoshis, but failed as there was a lack of momentum. A crucial double top pattern might be forming, which can push Dogecoin prices lower in the short term. Buyers managed to take advantage recently and pushed prices of Doegoin higher, but it looks like there is a topping pattern in making that could ignite a short-term correction. Double Top Pattern. There was a sharp reaction noted around 50.0-50.6 Satoshis, which took the price back higher. An important level of 60.0 Satoshis was almost tested where Dogecoin failed....
Analyst Viaquant has said that the Dogecoin price has formed a ‘perfect market structure.’ This is bullish for the foremost meme coin as the analyst revealed that DOGE looks set to enter into a parabolic phase. What Next For The Dogecoin Price Following ‘Perfect Market Structure’ Viaquant revealed in a TradingView post that the Dogecoin […]
After the market crash, the Dogecoin price suffered a decline to $0.2, which presented as a perfect opportunity for whales to get back in action. With the momentum rising for the meme coin, there are a number of factors that have been presented that suggest the price could more than double soon. Pseudonymous crypto analyst ProjectSyndicate highlights these catalysts in an analysis, showing what will drive the Dogecoin price to new yearly peaks. But First, A Retest Of The Reload Zone? Just like other digital assets in the space, Dogecoin features a low reload zone with lots of support that....
Dogecoin price remained within the 57-60 satoshi range throughout yesterday on Hitbtc. Last month, we began to notice that dogecoin price started to exhibit independence of bitcoin price, but as bitcoin price increased earlier today, can this throw its shadows on the dogecoin charts? By studying the 4 hour Hitbtc (DOGE/BTC) chart from Hitbtc from tradingview.com and plotting the William's Alligator indicator accordingly (look at the below chart), we can notice the following: The long downwards shadows of the candlesticks, as price approached the rising support level (green trend line),....
Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE?....