Dogecoin Price Set To Surge As Sellers Show Signs Of Exhaustion
A new technical analysis shared by crypto analyst BitGuru on the social media platform X shows that Dogecoin is trading at an important price level that could set the stage for an upward shift. His chart shows a familiar structure forming at a major support level, one that has acted as the starting point for a previous rally in the year. The price action now developing is similar to this earlier setup, showing that Dogecoin may be preparing for another recovery move above $0.2. Dogecoin Returns To An Important Support Zone Dogecoin has spent the past few weeks trading between $0.13 and....
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Key Highlights. Dogecoin price looks like created a short-term top and may continue to move lower moving ahead. The highlighted resistance area at 41.0 Satoshis proved a crucial barrier and might push the price down. If sellers manage to break 38.0 Satoshis, then a move towards 36.0 Satoshis is possible in the near term. Dogecoin price failing to move above 41.0 Satoshis is a bearish sign and could ignite another round of selling if sellers step in. Downside Slide in Dogecoin Price. Dogecoin price had no relief, as there were no signs of bulls. On the other hand, there are a few signs on....
Dogecoin has been drifting around the $0.17 price level and has struggled to find bullish direction in a market that remains overwhelmingly bearish. Crypto prices have been bleeding across the board, with Bitcoin and other major assets showing signs of exhaustion. Amid this downturn, a recent development shows that a reversal might be brewing for […]
Key Highlights. Dogecoin price managed to stay above 60.0 Satoshis where it found support on a number of occasions. There is a bullish trend line formed on the hourly chart, which is acting as a barrier for sellers. A few bearish signs are noted, which are providing mixed signals in the near term. Dogecoin price might trade higher moving ahead, as sellers failed to take it lower which escalates the chances of gain. What's next? There was an upside reaction recently in the Dogecoin price, as it traded above 74.0 Satoshis. However, buyers failed to maintain strength, which resulted in a....
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....
Ethereum and the entire cryptocurrency market have seen some tempered gains throughout the past few days The selling pressure brought about by Bitcoin’s recent break below $18,000 has dissipated as bulls take back control of the cryptocurrency Where ETH trends in the mid-term should depend largely on BTC, as the benchmark crypto has been in full control of the entire market One trader is now noting that Ethereum is looking poised to see some major […]