Dogecoin Price Weekly Analysis: 100 MA Holds Key
Dogecoin price is trading with a positive tone. However, there is a crucial resistance building near 75.0 Satoshis where buyers may struggle. Intraday Support Level can be 66.0 Satoshis. Intraday Resistance Level may be 75.0 Satoshis. Dogecoin price after dipping close to the 54.0 Satoshis found support and started to move higher. There was a major resistance formed near a bearish trend line formed on the 4-hours chart (data feed from HitBTC). The highlighted trend line was coinciding with the 50% Fib retracement level of the last drop from the 79.2 Satoshis high to 54.1 Satoshis low.....
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The notorious dogecoin has seen double-digit gains this past week as statistics show the meme-crypto asset has gained 19.66% during the last seven days. Out of the top ten digital currencies in terms of market capitalization, dogecoin has outshined the competition, even surpassing ethereum’s 18% weekly gains. Dogecoin’s Weekly Gains Outshine the Competition, Google Trends Data Shows DOGE Interest Dive-Bombed After May At the time of writing, both the topic dogecoin and the hashtag #dogecointothemoon have been trending on social media Sunday afternoon. As far as interest is....
Key Highlights. Dogecoin prices moved above 0 Satoshis as forecasted in one of the previous analyses. It looks like prices have topped in the short term and Dogecoin is setting up for a major correction. We were following a bullish trend for Dogecoin as the price continued to move higher. However, there was a sharp reaction around 80.0-85.0 Satoshis where sellers defended the upside successfully. Dogecoin has lost most of its gains and moved back towards an important support area of 60.0 Satoshis. It traded as low as 62.0 Satoshis, and might test 60.0 Satoshis in the short term. The....
Key Highlights. It looks like there is no stopping the sellers, as the Dogecoin price continued to weaken Intraday. Yesterday's highlighted sell idea played well, as the price declined below 35.0. The hourly RSI is below the 50 level, signaling the fact that buyers are struggling to gain traction. Dogecoin price broke yesterday's low of 34.7 Satoshis to trade towards 30.0 Satohis which seems to be an important support area. What we can expect next? The Dogecoin price formed a new weekly low around 30.0 Satoshis, which represents a major support area and might ignite a corrective rally.....
Dogecoin Price Key Highlights. Dogecoin price continued to trade lower and even created a new low to trade near 50.0 Satoshis. 50.0 Satoshis holds a lot of importance in the near term, and might produce a bounce moving ahead. A break below the stated level could ignite a major downside reaction if sellers gain control. Dogecoin price continued to slide, and even cleared the last low of 51.3 Satoshis to trade towards 50.0 Satoshis. Trend Line Support. There was a new low created this past week in the Dogecoin price at 51.3 Satoshis. However, sellers were in control, which took the price....
Dogecoin Price Key Highlights. Dogecoin price surged higher one more time to retest the previous swing high as anticipated in yesterday's analysis. The price failed once again around 90.0 Satoshis, which raises the prospect of a double top pattern. 100 MA still holds the key for more losses in the near term. Buying Dogecoin on dips turned out to be a great plan, as the price traded higher after testing the 100 MA. Double Top Pattern. As mentioned and forecasted yesterday, there was an upside move in Dogecoin price after sellers failed to take the price below the 100 hourly MA. The price....