Dogecoin Price at Major Crossroads for Two Reasons
Key Highlights. Dogecoin price is possibly trading at a major crossroads, as there is a range formed on the hourly chart. Secondly, the price is currently testing a monster bearish trend line formed on the 4-hours chart. A break above the highlighted trend line and resistance area may trigger an upside rally. Dogecoin price is above the 100 simple moving average (4-hours chart), which may encourage buyers to break the trend line and resistance area. Break likely? Dogecoin price recovered well recently, as it traded above a major hurdle of 35.0 Satoshis, and the 100 MA on the 4-hours chart....
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Key Highlights. Dogecoin price declined recently and cleared a major support trend line, but it turned out to be a false break. A contracting triangle pattern is formed, which is likely to pave the way for a break in the near term. 100 hourly simple moving average is towards the upside, and acting as a hurdle for buyers. Dogecoin price declined, but the break was not real, which forced buyers to push the price back higher. Break Near? We have been following a couple of patterns this week, and were looking for a break in the Dogecoin price. There was a break yesterday, but sellers failed to....
The Dogecoin Price is far lower than it should be. Dogecoin is one of the most popular cryptocurrencies according to many metrics. Traders judge cryptocurrencies on many criterion, all of which sites like CoinGecko specialize in tracking. According to CoinGecko, Dogecoin is 2nd only to Bitcoin. It boasts an active community, which has banded together to achieve a number of incredible goals-such as sponsoring NASCAR driver Josh Wise. Despite these successes, the Dogecoin price has fallen tremendously over the past several months, which does not make logical sense to many now-enlightened....
In a report titled "Bitcoin at the crossroads," released by Deloitte Center for Regulatory Strategies, the issue of regulation of Bitcoin has been discussed at length. The report gives a quick introduction of the virtual currency Bitcoin and its technology blockchain and then swiftly moves on to the question that the report addresses: "how will the Bitcoin be regulated?'. Bitcoin at the crossroads also underlines that this cryptocurrency has attracted scrutiny more quickly and also more broadly than most other emerging technologies in the history. It also lists the problems that Bitcoin....
Despite a strong community and impressive marketing efforts, the Dogecoin price has consistently declined for the majority of 2014. Despite strong community support and impressive marketing efforts, the Dogecoin price has declined consistently for the majority of 2014. The reasons for the Dogecoin price decline are not immediately clear, although the decline may be related to Dogecoin's economic model. If Dogecoin does not recover soon, Reddcoin may challenge its place as the leading social and tipping currency. Dogecoin Price Decline Continues. Dogecoin investors should be worried.....
Dogecoin is by far one of the most popular coins among cryptocurrency fans all over the globe. Since its launch in late 2013, dogecoin has been endorsed by a strong supporting community and innovative marketing efforts. However, a closer look at doge/btc price charts reveals that throughout the majority of 2014, the price of dogecoin has been declining. The price of dogecoin topped up to over 250 satoshis in Febraury, yet it fell down to 50 satoshis in June and since then, it stabilized around 50-60 satoshis. The dogecoin market capital exceeded 80 million US$ early in 2014, but within....