Dogecoin Price Technical Analysis - Buyers in Control?
Dogecoin Price Key Highlights. Dogecoin price surged higher after breaking a couple of important resistance area, as anticipated in one of our previous week's posts. The price traded towards the last swing high of 58.4 Satoshis, which prevented any further gains. Dogecoin price climbed higher and tested our long-awaited target of a buy call, and looks set for a correction moving ahead. A correction underway? The Dogecoin price rocketed higher recently and cleared a couple of important resistance levels, including a bearish trend line on the hourly chart and the 38.2% Fib retracement level....
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Dogecoin Price Key Highlights. Dogecoin price traded higher intraday, but failed to maintain gains and struggled later. 100 hourly simple moving average is acting as a hurdle for buyers in the near term. Price is back below an important support of 72.0 Satoshis, which is a worrying sign for buyers. Dogecoin price declined intraday, and it looks like sellers are positioned to take it further lower moving ahead. Buyers Nervous? Dogecoin price managed to climb a bit yesterday, and breached a major channel resistance area as highlighted in one of the recent analyses. However, there was no real....
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....
Key Highlights. Yesterday's idea that there can be more gains in Dogecoin, and buying dips is a good option worked as prices dipped and surged higher one more time. There is a major resistance building up around 77.5 Satoshis where buyers might struggle. Dogecoin continued to gain traction as buyers remain in control, but it would be really interesting to see how long the bullish trend can continue. 77.5 Satoshis as a Barrier. One more hurdle was cleared by Dogecoin buyers recently, as 71.7 Satoshis (Yesterday's high) was breached to set a new weekly high. There is a lot of bullish....
Key Highlights. There are a couple of monster bearish trend lines on the daily timeframe chart of Dogecoin price, which are preventing buyers to take the price higher (price feed from HitBTC). There were many attempts made to clear the highlighted trend line and resistance area, but sellers managed to defend the upside successfully. The breakout pattern on the 30-mins chart (price feed from CEX. IO) is still due that can cause some action moving ahead. Dogecoin price is attempting to trade higher and break all shackles, but the resistance around 40-45.0 Satoshis is preventing gains.....
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....