Dogecoin Price Technical Analysis - Can 58.4 Satoshis be Broken?
Dogecoin Price Key Highlights. Dogecoin price continued to trader with a positive tone, but the last swing high of 58.3-4 Satoshis stalled gains one more time. There are a couple of support trend lines acting as a hurdle for sellers and might continue to act as a catalyst. Dogecoin price traded higher to trade near 58.4 Satoshis where it found sellers one more time. Trend line support. The Dogecoin price after a minor correction Intraday traded higher and moved towards the last swing high of 58.3 Satoshis. Buyers failed to break the stated level, and as a result there were a couple of....
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Dogecoin has undergone a massive correction of roughly 10% in the past 24 hours, with the price nose-diving from 49.8 satoshis to 45.1 satoshis. As a result of this fall, Dogecoin has neared the floor of 43 satoshis, which if cracked, could lead to a severe collapse in the price. But, will it? Let us find out with the help of technical analysis below. Technical analysis implemented on the 240-minute Dogecoin/Bitcoin price chart reveals that bears are pouncing on every opportunity to jettison Dogecoin en masse. The support of 43 satoshis may well give way to a lower ground, if bulls....
Key Highlights. Dogecoin price finally broke higher as anticipated in one of the recent analyses and traded towards 76.0. 100 hourly moving average was also broken, which was a monster resistance. Looking ahead, the broken resistance at 70.0-72.0 Satoshis might now act as a support. Dogecoin price moving higher is a positive sign in the near term, but buyers need to maintain gains for more upsides. 70.0 As a Support. Dogecoin price surged higher and managed to settle above a monster triangle on the hourly chart as highlighted in yesterday's analysis. The price traded as high as 76.5....
Key Highlights. Dogecoin managed to clear a major resistance of 46.9 Satoshis to trade close to 50.0 Satoshis. A pullback from the current levels (49.9 Satoshis) might be seen as a buying opportunity. The technical indicators such as MACD and RSI are pointing towards more gains in Dogecoin after it breached 49.6 Satoshis. The hourly chart of Dogecoin/Bitcoin shows that sellers struggled to keep prices lower, and as a result it tested an important area of 50.0 Satoshis. As can be seen from the chart that the price settled above 46.9 Satoshis, and heading towards the last swing high of 50.6....
Dogecoin hasn't been able to recover from the negative price shock it received yesterday - the cryptocurrency came down with a thud from 50 satoshis to 46.3 satoshis - and is currently trading near 1-week lows. I had earlier mentioned that maybe it's best to sell now and go away until depressed levels of Dogecoin are seen. I still maintain that the crypto coin might depreciate in value going forward. Currently, Dogecoin is trading down 1.875% or 0.9 satoshis at 47.1 satoshis from yesterday's observation. An analysis of the 240-minute Dogecoin/Bitcoin price chart above reveals information....
Key Highlights. Dogecoin surged higher and traded above a critical resistance area as anticipated in yesterday's analysis. The price traded as high as 77.7 Satoshis, and currently moving back lower. The broken resistance area is now acting as a support around 70.0 Satoshis. Our plan of buying Dogecoin paid off as the price spiked higher sharply once it settled above 70.0 Satoshis. 100 MA as Pivot. Yesterday, we highlighted an important bearish trend line break, and anticipating a break above the range top for more upsides. There was a clear uptrend noted Intraday, which helped the price to....