Dogecoin Price Weekly Analysis - Pattern Continuation Likely
Dogecoin Price Key Highlights. Dogecoin price is struggling to hold the ground, as sellers look in control. There is an ascending channel pattern forming on the hourly chart, as highlighted in this past week's analysis. The price is trading near the 100 hourly simple moving average, which might produce a move in the near term. Dogecoin price is likely to continue in a range and might trade inside an ascending channel formed on the hourly chart. Range Trading Moves. We noticed a down-move in the Dogecoin price, as it moved below the last low of 52.0 Satoshis, and created a new low. There is....
Related News
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 (DOGE) has experienced a modest upturn in both its daily and weekly performance, prompting speculation about its potential for future growth. While the gains have been minimal, a prominent analyst, Ali Martinez, suggests that there might be room for further development. Martinez’s analysis reveals that Dogecoin, as seen on the weekly chart, is breaking free from a multiyear descending triangle pattern. This pattern is a technical analysis pattern used in financial markets to predict potential price movements. In this pattern, a horizontal line represents a level of support,....
Dogecoin Price Key Highlights. Dogecoin price as mentioned yesterday formed a double top pattern near the last swing high of 67.0. We need to wait for a break in order for the price to move lower and retest 60.0. The price is attempting to close below the 100 hourly simple moving average, which is a negative sign for buyers. Dogecoin price formed a double top pattern recently, and if sellers gain control more losses are possible moving ahead. Double Top Formation. We highlighted in yesterday's analysis that the Dogecoin price formed a double top pattern on the hourly chart, as there were....
Dogecoin Price Key Highlights. We highlighted this past week a contracting triangle pattern on the hourly chart, which acted as a pivot and caused a break. There was a downside break as anticipated which took the price towards another important support area of 56.5 Satoshis. The price is below the 100 hourly simple moving average (SMA), which is a worrying sign for buyers. Dogecoin price breached an important breakout pattern this past week, and showing more bearish signs on the hourly chart. Triangle Break. In one of the recent analysis, we highlighted a contracting triangle pattern on....
Dogecoin Price Key Highlights. Dogecoin price surged higher one more time to retest the previous swing high as anticipated in yesterday's analysis. The price failed once again around 90.0 Satoshis, which raises the prospect of a double top pattern. 100 MA still holds the key for more losses in the near term. Buying Dogecoin on dips turned out to be a great plan, as the price traded higher after testing the 100 MA. Double Top Pattern. As mentioned and forecasted yesterday, there was an upside move in Dogecoin price after sellers failed to take the price below the 100 hourly MA. The price....