Dogecoin Price Technical Analysis - Current Support Level Being Stubborn
Dogecoin Price Key highlights. Dogecoin price is still stalling around the near-term support level, which has held since yesterday. Price has pulled back to the dynamic resistance at the 100 SMA and made another attempt to break below the support at 47.5 Satoshis. Dogecoin price is currently hovering at the consolidation support level and latest lows, with a potential downside break likely to confirm a pickup in selling pressure. Further consolidation possible. The lack of any market catalysts or liquidity could open the possibility of further sideways movement for dogecoin price, as the....
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The contraction in Dogecoin has reached a whole new level. Earlier, the price was oscillating between 50-52 satoshis, before being clipped to 50.8-51.9 satoshis. However, April seems to have brought out the tightest possible range - 50.8-51.2 satoshis. Each Dogecoin is currently worth 50.9 satoshis. The 240-minute Dogecoin/BTC price chart has been technically analyzed below to determine what is causing the pressure on the cryptocurrency and the key levels to look forward to. Moving Average - The Dogecoin price is facing stiff resistance near the 20-4h simple moving average of 51.2....
Dogecoin price dropped yesterday to trade between 56 and 58 satoshis on Hitbtc, while on Cryptsy, dogecoin traded between 55 and 58 satoshis. Dogecoin price fell below the rising support level we plotted during our earlier analysis. By studying the 4 hour hitbtc (DOGE/BTC) charts from tradingview.com and plotting the William's alligator accordingly (look at the below chart), we can conclude the following: Dogecoin price now is lower than the 3 moving averages of the William's Alligator indicator which reflects the overall bearish pattern of the market at the moment. The alignment of the....
Dogecoin Price Key Highlights. Dogecoin price has been in a steady downtrend for the past few weeks, as price just broke below a short-term consolidation pattern. Price dipped to the 0.000110 level before showing signs of pulling back to the broken support area. Dogecoin price is retracing to the broken support near the 0.000120 level and may be ready to resume its drop soon. 200 SMA Resistance. At the moment, dogecoin price is retesting the broken support near the 38.2% Fibonacci retracement level. This is in line with the 200 SMA, which is above the short-term 100 SMA and indicating that....
Dogecoin price dropped further yesterday to record a low of 52 satoshis on Hitbtc today as we expected during yesterday's analysis. In my opinion, the 52 satoshis level will support the price and prevent dogecoin price from declining to lower levels. By studying the 4 hour Hitbtc (DOGE/BTC) chart from tradingview.com and plotting the William's Alligator indicator (look at the below chart), we can notice the following: The price now is continuing to record lower lows and we can spot a downwards sloping support level as shown by the orange trend line on the below chart. Dogecoin price is now....
Dogecoin price has risen substantially over the past day. In that timeframe, the coin’s value had appreciated by double digits. Over the last week, Dogecoin price logged a 12% gain, proving that the coin has rallied recently. The coin has been one of the top gainers on the chart, along with Ethereum, as both coins secured double-digit gains. The meme-coin has secured a monthly high at this price level. Dogecoin price finally broke through their consolidation and passed through their resistance, converting it into a support line. The technical outlook for the coin has turned bullish....