Dogecoin Price Technical Analysis - Sights Set on Next Area of Interest
Dogecoin Price Key Highlights. Dogecoin price has been forming new lows on its short-term time frames without much sign of a pullback from the downtrend, which means that selling pressure is very strong. Price has recently broken below an area of interest visible on the daily time frame and may have its sights set on the next one at 40 Satoshis. Dogecoin price is breaching one area of interest after another and may carry on with its decline to the next major support areas. Moving further south. Dogecoin price is already closing in on the next support area at 40 Satoshis, which kept losses....
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Dogecoin Price Key Highlights. Dogecoin price is still moving inside a short-term consolidation pattern and zooming out to the longer-term time frames reveals that it is currently hovering around an area of interest at 48 Satoshis. The moving averages on the daily time frame are oscillating, suggesting a potential continuation of the range-bound movement around the current levels. Dogecoin price has stalled from its recent selloff upon reaching an area of interest visible on the daily time frame. Path of least resistance to the downside. Even with this roadblock at the support area of 48....
Dogecoin Price Key Highlights. Dogecoin price moved lower and broken an important support area around 42.0 Satoshis. A bullish trend line and support area was breached to open the doors for more losses. 0 Satoshis might now act as a resistance, as the 100 hourly simple moving average is also positioned around the stated level. Dogecoin price is under the bearish pressure as sellers managed to take the price below a critical support area. Importance of 100 MA. As highlighted in the weekly analysis there were some signs of relief for the Dogecoin price, but that did not last forever. There....
Key Highlights. Dogecoin price attempted to recover some ground after a sharp decline towards 37.0 Satoshis. There is a major bearish trend line on the hourly chart as highlighted in one of previous analysis, which prevented gains. The price is trying to settle above the 100 hourly simple moving average, which is a positive sign. Dogecoin price showing a few bullish signs on the hourly chart, as it managed to settle above an important pivot area of 38.0 Satoshis. Can it settle above 100 MA? There was a sharp upside reaction noted in the Dogecoin price, as it moved higher closer to 45.0....
Dogecoin Price Key Highlights. Dogecoin rocketed higher, and our buying dips idea worked as highlighted in yesterday's analysis. The dogecoin price surged higher and traded close to 90.0 Satoshis where sellers appeared. 100 MA continued to act as a pivot area for buyers and might help them to gain traction moving ahead. We forecasted yesterday that a reaction is likely around the 100 hourly MA, which did happen and took the dogecoin price higher. Can Sellers Overcome Pressure? Yesterday, we highlighted that there is a chance that Dogecoin price might find support around the 100 hourly....
Dogecoin Price Key Highlights. Dogecoin price fell and traded close to our first sell target of 76.0 Satoshis as anticipated in yesterday's analysis. There was a buying interest noted around 71.0 Satoshis where sellers stepped back. The bearish pressure remains intact, as there are many hurdles formed on the upside for buyers. Our forecast of a move lower was right, as there was a downside reaction Intraday taking the price towards 71.0 Satoshis. What's next? Yesterday, the price broke a critical support area of 76.0 Satoshis, which was one of the main reasons we thought that the price....