Dogecoin Price Technical Analysis - Target Hit: Another Leg Lower?
Key Highlights. Dogecoin price moved lower and tested the last swing low of 36.5 Satoshis as forecasted in yesterday's post. The price even traded below the mentioned level as sellers succeeded in breaking it to form a new low of 34.7 Satoshis. The price is still under the bearish pressure, and the idea to sell rallies look like a good deal. Dogecoin price formed a new low below 35.0 Satohis, as the bearish pressure overwhelmed buyers who failed to take the price higher. Selling Rallies a Good Idea? The Dogecoin price continued to move lower as there was a lot of bearish pressure as....
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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 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....
There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
Dogecoin Price Key Highlights. Dogecoin price moved lower and traded close to 50.0 Satoshis to fulfil our target of the last week. The price found support around the mentioned area and currently making an attempt to correct higher. 100 hourly simple moving average is still a pivot area for the price, as buyers struggled to break it. Dogecoin price traded lower and formed a new low below 52.0 Satoshis before starting to recover from losses. What's next? We mentioned in one of the last week's analyses that there is a chance that the Dogecoin price might trade towards 50.0 Satoshis. It did....
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,....