Dogecoin Price Fails Break Above Macro Pocket Amid Bearish Developments
Dogecoin’s latest price movement has stalled at a critical resistance level, preventing a bullish breakout above $0.28. As such, the meme coin is now back to battling to hold above support at $0.25. Interestingly, technical analysis shows that this recent rejection at $0.28 has caused a failed predicted breakout above technical indicators. Particularly, crypto analyst […]
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Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE?....
Dogecoin has yet to reclaim the $0.3 price level due to bearish price action in the past few weeks, but technical analysis shows that it is destined for a run above double digits. Particularly, a technical outlook shared on the TradingView platform indicates that the Dogecoin price chart is currently playing out a macro breakout […]
Key Highlights. Dogecoin'a price struggling to gain traction, as there was no bullish momentum to take the price higher. There is a pennant looking pattern forming on the hourly chart (data feed from CEX. IO), which may act as a catalyst for the next move. The bullish signs are greater compared to the bearish signs at the moment, suggesting a break higher is most likely. Dogecoin's price is finding sellers near 31-32 satoshis, which is a major resistance zone and holds the key in the short term. Pennant Pattern and Resistance. There was no real break for Dogecoin's price, as it continued....
Dogecoin Price Key Highlights. Dogecoin price failed to break the trend lines pattern, which is a worrying sign for buyers in the near term. There are a few bearish signs emerging on hourly chart, suggesting a bearish turn moving ahead. The price is now below the 100 hourly simple moving average, which might ignite a down-move. Dogecoin price failure to break higher is a major concern for buyers, and might push the price lower if sellers gain control. Break of 50.0 Satoshis? The Dogecoin price struggled this past week to gain strength and traded inside two trend lines, as highlighted....
Key Highlights. Dogecoin price moved lower Intraday before finding support around the last swing low of 66.0 Satoshis. A bearish trend line formed on the hourly, which if breached might clear the way for more gains. On the downside, 65.0 Satoshis support area holds a lot of value in the near term. Dogecoin price fell by more than 4% Intraday to trade near a bullish trend line as highlighted recently before a recovering from losses. RSI Break and Divergence. As mentioned, there is a minor bearish trend line formed on the hourly chart of Dogecoin, which is currently staling the upside. The....