Dogecoin Coiling For Monster Move Once This Price Barrier Falls: Analyst
Dogecoin is compressing beneath a dense band of weekly resistance that could unlock a powerful upside continuation once cleared, according to crypto analyst The Great Mattsby (@matthughes13). In his October 5 video, Mattsby frames the 0.618 retracement from the 2021 peak to the 2022 cycle low—marked at $0.26261—as the immediate trigger that “price is still getting rejected at,” adding: “That’s the area of interest to maybe try to close above.” Screenshots of his weekly DOGE/USDT chart show price hovering around $0.248–$0.249 at the time of recording, with a session high near $0.265 and low....
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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....
Key Highlights. Dogecoin's price managed to recover some ground this past week, but it remains at risk of a move lower during the upcoming week. There is an ascending channel pattern forming on the hourly chart (data feed from HitBTC), which is acting as a support. A break below the channel support area may call for more losses in the near term. Dogecoin's price remains under a monster bearish trend line on the 4-hour chart, and an interesting pattern is forming for the next move. Ascending Channel Pattern. Dogecoin prices managed to trade a few points higher this past week after trading....
Key Highlights. Dogecoin price continued to consolidate in an important range of 41.0 Satoshis - 36.0 Satoshis. A monster barrier at 41.0 Satoshis is preventing gains and not letting buyers take control. The price is around 100 hourly simple moving average (price feed from HitBTC), which is acting as a hurdle for an upside move. Dogecoin price looks like consolidating below 41.0 Satoshis, and setting up for the next leg that can be either higher or lower. 100 MA as Resistance for Dogecoin Price. Dogecoin price continued to stay below a major resistance area near 41.0 Satoshis, and it looks....
Key Highlights. Dogecoin price failed time and again to trade higher and currently following a downward sloping path. There is monster trend line resistance area formed on the 4-hours chart (data feed from HitBTC), acting as a hurdle for an upside move. A short-term resistance area is now around 31.0 Satoshis. A break above it may ignite a recovery. Dogecoin price remains at a risk of further declines, as there is hardly any bullish sign for buyers to take it higher in the short term. Can Buyers Break Trend Line Resistance Area? As mentioned, there is a crucial trend line resistance area....
Key Highlights. Dogecoin price weakened Intraday, as forecasted recently, but there was a sharp reaction around 68.0. A bearish trend line as highlighted yesterday is acting as a resistance for more upsides. A failure to break the stated trend line might ignite a down-move in the near term. Dogecoin price was completely rejected around 68.0 Satoshis, but the bearish trend line holds the key moving ahead. Trend Line as Pivot. Dogecoin dived Intraday after a rejection around an important bearish trend line on the hourly chart. The price cleared a monster support area of 70.0 Satoshis to....