Dogecoin Price Weekly Analysis - Downside Break

Dogecoin Price Key Highlights. Dogecoin price stayed in a range, but it looks like the price might head lower in the near term. Sellers are making an attempt to break the range low, if it is cleared more losses are likely. 0 Satoshis is a major support area, which must hold if buyers have to prevent the downside. Dogecoin price is at risk of a break lower, as buyers seem to be struggling to prevent the downside. Downside Break. The Dogecoin price stayed in a range throughout this past week, which prevented moves in one particular direction. However, it looks like sellers might be able to....

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 did indicate further downside momentum, as predicted in an earlier technical analysis write-up on the consolidation pattern repeating itself. With the downside break, more sellers could hop in the ongoing downtrend and push dogecoin price to new lows. Dogecoin price confirmed the buildup in bearish pressure with a strong downside break below the consolidation pattern on its 1-hour chart. Where To Next? Price has broken below the previous lows in October 21, hinting that bears are unstoppable at this point. Stochastic and RSI are both on the....

Key Highlights. Dogecoin price failed to break higher time and again, as there lies a major hurdle for buyers around 72.0 Satoshis. 100 hourly moving average continued to stall gains in the short term and prevented upsides. There is a possibility that the price is forming a triangle breakout pattern on the hourly timeframe. Dogecoin price continued to trade in a range and likely forming a contracting triangle for a break in the near future. What are the chances of a break? Dogecoin price spiked a couple of times above a bearish trend line highlighted in yesterday's analysis. However, there....

Dogecoin Price Key Highlights. Dogecoin price after completing our highlighted double top pattern moved lower and created a new low Intraday below 58.0. There were many spikes noted on the upside and downside which leaves the price in a range. It looks like both buyers and sellers are in action, which is causing a lot of swing moves. Dogecoin price moved lower during this past week, but buyers managed to defend sharp losses and pushed it back higher. Trend Line Support Area. As highlighted in this past week's analysis, there was a major downside reaction noted in the Dogecoin price. There....