Dogecoin Price Technical Analysis - Perfect Rejection at 50.0 Satoshis
Dogecoin Price Key Highlights. Dogecoin price fell further Intraday and traded close to a major support area of 50.0 Satoshis. 0 Satoshis acted as a barrier and pushed the price higher. There is a monster support trend line sitting near 50.0 Satoshis, acting as a hurdle for sellers. Dogecoin price moved lower and closer to a trend line and support area where buyers appeared to prevent downsides. 53.0 Satoshis as resistance. Yesterday, we mentioned that there was adownside reaction in the dogecoin price, which took it closer to a major support area of 50.0 Satoshis. The downside move was....
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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....
Dogecoin is providing the market participants with ample opportunities to profit from by participating in range trading. I have been maintaining that rallies up to 50 satoshis can be utilized to build short positions for a target of 47 satoshis, and as can be seen, the recent surge to 49.5 satoshis was quickly followed by a drop to the mentioned target. Even with high volatility hitting the market, Dogecoin is unchanged from yesterday's level of 47 satoshis. An analysis of the 240-minute Dogecoin/Bitcoin price chart above tells of an extended sideways range which would continue to provide....
Key Highlights. As forecasted in yesterday's post, Dogecoin prices surged higher and traded above 70.0 Satoshis. Dogecoin enjoyed a huge rally as it was up by more than 8% in a single day. Dogecoin finally settled successfully above 60.0 Satoshis and marched higher to gain heavily Intraday, and it looks set for more upsides in the short term. What's next? Dogecoin buyers managed to clear yesterday's high around 60.8 Satoshis. After prices settled above the mentioned resistance, it gained pace and surged sharply by more than 8% to trade above 70.0 Satoshis. It traded as high as 71.7....
Key Highlights. Dogecoin price weakened Intraday, as forecasted recently, but there was a sharp reaction around 68.0. A bearish trend line as highlighted yesterday is acting as a resistance for more upsides. A failure to break the stated trend line might ignite a down-move in the near term. Dogecoin price was completely rejected around 68.0 Satoshis, but the bearish trend line holds the key moving ahead. Trend Line as Pivot. Dogecoin dived Intraday after a rejection around an important bearish trend line on the hourly chart. The price cleared a monster support area of 70.0 Satoshis to....
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....