Dogecoin Price Technical Analysis - Important Trend line Support Area
Key Highlights. Dogecoin price failed once again to break a major resistance area near 0-32.0 Satoshis and traded lower. There is an important trend line and support area forming near 29.0 Satoshis on the 30-min chart (data feed from HitBTC). A break below the same may call for a move towards the last weekly low of 27.5. Dogecoin price continued to trade in a range, and there are no real signs of a break. We need to keep an eye on the 4-hours chart triangle pattern for the next move. Retest of lows? Dogecoin price recently spiked above 31.0 Satoshis resistance area, but failed to settle....
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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....
Dogecoin Price Key Highlights. Dogecoin price continued to trade above an important support area of 52.5 Satoshis, which is a swing area. There is a bearish trend line formed on the hourly chart, which is acting as a minor resistance for buyers. Dogecoin price might move higher in the near term, as buyers successfully defended 52.5 Satoshis many times. 52.5 As a Support. The Dogecoin price continued to find bids around a major support area of 52.5 Satoshis. Sellers made several attempts recently to clear the stated level, but every time buyers managed to defend the downside. There is also....
Dogecoin Price Key Highlights. Dogecoin price failed to hold gains, and moved below an important support area to call for more losses. The support trend line on the hourly chart as highlighted yesterday was breached to encourage sellers. The price has also moved below the 100 hourly simple moving average, which is a warning sign in the near term. Dogecoin price after failing to move above 66.0 Satoshis moved lower and broke an important support trend line. Trend line break. We followed a support trend line on the hourly chart, which was acting as a hurdle for sellers. However, they managed....
Dogecoin Price Key Highlights. Dogecoin price fell further Intraday and traded close to a major support area of 50.0 Satoshis. 0 Satoshis acted as a barrier and pushed the price higher. There is a monster support trend line sitting near 50.0 Satoshis, acting as a hurdle for sellers. Dogecoin price moved lower and closer to a trend line and support area where buyers appeared to prevent downsides. 53.0 Satoshis as resistance. Yesterday, we mentioned that there was adownside reaction in the dogecoin price, which took it closer to a major support area of 50.0 Satoshis. The downside move was....
Dogecoin Price Key Highlights. Dogecoin price moved lower and broke the all-important 50.0 Satoshis area for a new low. There was a break below the support trend line, as forecasted in yesterday's post. The downside reaction was in the form of a spike, as the price traded towards 47.0 Satoshis before recovering. Dogecoin price moved lower and traded below a critical support area of 50.0 Satoshis, which is a bearish sign. More Losses ahead? Yesterday, we mentioned that there is a chance of a break below 50.0 Satoshis, as there were many bearish signs noted on the hourly chart. The price did....