Dogecoin Price Technical Analysis - Additional Weakness Sighted
Key Highlights. Dogecoin price cleared a contracting triangle as highlighted recently, and traded lower. The price remains under the bearish pressure, which means more losses are possible moving ahead. A new weekly low was formed below 55.0 Satoshis, which can act as a support moving ahead. Dogecoin price suffered more losses and created a new low at 54.5 Satoshis, as buyers failed to hold the downside. More Losses. The Dogecoin price weakened Intraday, as sellers managed to clear an important support area in the form of a contracting triangle. We anticipated a break in yesterday's post,....
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Dogecoin Price Key Highlights. Dogecoin price failed once again to trade above the 100 hourly moving average and declined intraday. The price continued to struggle and our forecast to target additional weakness remains intact. More losses are likely in the near term as long as the price is below 76.0. Dogecoin price fell one more time yesterday and almost tested the last low of 64.7 Satoshis, which is a strong bearish sign. How important is 100 MA? Dogecoin price fell intraday as forecasted in yesterday's analysis. We were anticipating a new low below 64.7 Satoshis, but the price managed....
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....
Key Highlights. Dogecoin price fell and tested our sell target of 30.0 Satoshis where buyers may appear. There is a chance of a bounce from the stated level, as it represents a major support as highlighted in the 2-hours chart (price feed from CEX. IO). On the upside, the hourly simple moving average could continue to stall gains and prevent the upside move. Dogecoin price reached 30.0 Satoshis as forecasted, and now it's time for sellers to consolidate and wait for a short-term correction. Recovery Possible? Dogecoin price continued to move down Intraday, and cleared yesterday's low to....
Key Highlights. Dogecoin price grinded lower and cleared a major support trend line on the 2-hours chart (price feed from CEX. IO). A new low was formed below 35.0 Satoshis, as our highlighted trend line and resistance area in the weekly analysis proved worth. The price is under a lot of bearish pressure, and if sellers remain in action there is a chance of a move towards 30.0 Satoshis. Dogecoin price may continue to weaken, as buyers are finding it really hard to take control and as a result, more losses are likely. 100 MA as Pivot. Dogecoin price faced a tough time around a major....
Dogecoin Price Key Highlights. Dogecoin price remained weak and stayed below an important pivot area of 50.0 Satoshis. As long as the price is below the mentioned area, more losses cannot be discarded moving ahead. There are many hurdles on the way up for buyers, so they might struggle to take the price higher. Dogecoin price is trading below 50.0 Satoshis and it is likely that it might head further lower in the short term. Break below 46.0 Satoshis? As we know that the Dogecoin price moved lower this week, and even traded below a very crucial support area of 50.0 Satoshis, Due to this,....