Dogecoin Price Technical Analysis - Continuous Risk of Weakness
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,....
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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 traded lower and tested 42.0 Satoshis which can be seen as a short term support area. The hourly RSI is below the 50 level, i.e. a negative sign and might push the price further lower. There is a lot of bearish pressure noted on the Dogecoin price, which might increase with time. Dogecoin price struggling to gain momentum, which increases the risk of it moving lower in the near term. What's next? There was a downslide in the Dogecoin price recently, which took it below the all-important 50.0 Satoshis. The price traded as low as 42.0 Satoshis,....
Key Highlights. Dogecoin price continued to break higher and faced a monster resistance around a bearish trend line as highlighted in yesterday's post. The price created a new low recently, and remains at risk of more losses in the near term. 100 MA continues to act as a pivot area for the price. Dogecoin price failure to move above 76.0-78.0 Satoshis was a warning sign for buyers that resulted in a move lower. Heading Lower? Dogecoin price yesterday attempted one more time to take out a critical bearish trend line on the hourly chart. However, buyers failed once again to take the price....
Dogecoin seems to have formed a trading range which has the put the risk/reward ratio highly in favor of traders. As expected, the price has not violated the support level of 43 satoshis and has rebounded strongly, approving it as a near-term floor. In another shot at taking out the resistance of 50 satoshis, Dogecoin has failed miserably. In my previous analysis, it was discussed that volatility may continue to play a decisive role, and the price is indeed oscillating wildly in the range. As of this moment, each Dogecoin is worth 47.9 satoshis. After analyzing the 240-minute....
Dogecoin Price Key Highlights. Dogecoin price failed to move higher as anticipated in yesterday's analysis and remains at risk of a break lower. The price is trading around an important support area that holds the key in the near term. On the upside, the 100 hourly MA may act as a resistance moving ahead. Buyers struggled to keep Dogecoin price higher, and as a result the chance of a break lower increased Intraday. Trend Line Support Area. We have been following a critical bullish trend line on the hourly chart of Dogecoin price, which provided support many times. Currently, the price is....