Dogecoin Price Technical Analysis - Buyers Achieve First Goal, Now What?
Key Highlights. Dogecoin's price managed to trade higher and broke amajor resistance area on the 30-min chart (data feed from HitBTC) as highlighted in yesterday's post. However, the price is still below a major confluence resistance at 31-32 satoshis, which holds the key in the near term. The price is now above the 100 hourly simple moving average on the 30-min chart, suggesting there is a chance of an upside move. Dogecoin's price climbed higher and is showing a lot of bullish signs on the 30-min chart. It looks like buyers took the first step and may take the price higher. 31-32....
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Dogecoin Price Key Highlights. Dogecoin price has been trading below a long-term descending trend line for quite some time, but reversal signals are showing up. Price made a sharp upside breakout, hinting that the downtrend might already be over and that it's time for buyers to take charge. Dogecoin price could be in for more gains, as it made a convincing breakout from the descending trend line connecting its latest highs. Waiting for Technical Confirmation. Technical indicators have yet to confirm the dogecoin price rally since the 100 SMA remains below the 200 SMA for now. This suggests....
Dogecoin Price Key Highlights. Dogecoin price after failing around an important resistance area of 58.3-4 Satoshis traded lower and even tested the last swing low. There was a sharp downside move yesterday, as the price even breached the last swing low of 52.5. Dogecoin price continued to struggle, and as a result there was a new low established below 52.5 Satoshis. 100 MA as Resistance. As mentioned in yesterday's post, after the Dogecoin price failed to trade above the last swing high of 58.3 Satoshis, it traded lower and cleared a couple of support trend lines on the hourly chart.....
Key Highlights. Dogecoin price struggle continued, as buyers failed to take the price above 80.0. On the downside, the last swing low of 71.8 Satoshis is a major barrier for sellers. Most technical indicators signaling more losses, but none of them is convincing enough. Dogecoin price action was very tricky during this past week, as every technical indicator/signal was not as per trader's expectation. 100 MA as a catalyst. Dogecoin buyers managed to take the price higher on many occasions, but they failed to break a critical resistance area around 78.0-80.0 Satoshis. There is a bearish....
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....
Dogecoin Price Key Highlights. Dogecoin price stayed in a range, but it looks like the price might head lower in the near term. Sellers are making an attempt to break the range low, if it is cleared more losses are likely. 0 Satoshis is a major support area, which must hold if buyers have to prevent the downside. Dogecoin price is at risk of a break lower, as buyers seem to be struggling to prevent the downside. Downside Break. The Dogecoin price stayed in a range throughout this past week, which prevented moves in one particular direction. However, it looks like sellers might be able to....