Dogecoin Price Technical Analysis - Can Buyers Clear 40.0 Satoshis?
Key Highlights. Dogecoin price failed again to break an important resistance level at 38.0-40.0 Satoshis, which has become a concern for buyers. A bearish trend line on the hourly chart along with the 100 hourly moving average continue to act as a hurdle for more gains. Looking at the data feed from CEX. IO, there is a contracting triangle pattern formed, which is set for a break in the near term. Dogecoin price struggle continues, but sellers need to be very careful moving ahead as if there is a break, then sharp gains are likely. How Long Sellers Can Defend Upside? There was an attempt....
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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....
Key Highlights. Dogecoin price continued to struggle to clear an important bearish trend line as highlighted in yesterday's post. 0 Satoshis is turning out to be a major barrier for buyers. Most technical indicators are pointing more gains in the short term. Dogecoin buyers continued to push the price higher, but failed to clear a critical barrier at 78.0 Satoshis. What's next? Dogecoin price is heading towards a major break if buyers succeed in taking it above a crucial bearish trend line on the hourly chart. The highlighted trend might turn out to be major factor in the short term, as....
Key Highlights. Dogecoin price surged higher as forecasted in Yesterday's post. It managed to clear an important resistance at 70.0 Satoshis, which helped buyers to gain ground. More upsides are likely and a pullback from the current levels might be seen as buying opportunity. Dogecoin rocketed higher Intraday to trade above 75.0 Satoshis, and stays in the positive zone for another leg higher. 70.0 As a Support. As mentioned, Dogecoin price managed to climb above 70.0 Satoshis, which was a barrier for buyers. So, moving ahead it might provide support if the price moves lower from the....
Key Highlights. Dogecoin sellers were crushed, as the price surged higher to trade above a critical resistance area of 53.2 Satoshis. It traded close to 60.0 Satoshis where sellers managed to defend more gains. Recent gains in Dogecoin were impressive, but buyers need to be careful moving ahead as it is now approaching a crucial area around 60.0 Satoshis. In Yesterday's post, we highlighted that 53.2 Satoshis is a major barrier for buyers, and if they manage to clear it more upsides are likely. Dogecoin price moved higher, closed above the mentioned resistance, and even traded above 58.0....
Dogecoin Price Key Highlights. Dogecoin price after trading as low as 51.3 Satoshis traded higher, but struggling to clear a major resistance area. There lies a significant resistance around the 100 hourly simple moving average acting as a hurdle for buyers. A break above it is needed if buyers have to take the price higher in the near term. Dogecoin price struggle continued, as the 100 hourly MA is acting as a barrier for more gains. Can Buyers make it? We highlighted in yesterday's post that the Dogecoin price managed to find support near 51.3 Satoshis. It is now making an attempt to....