Dogecoin Price Knocks Off Second Major Correction, When Will The Recovery To ...
Dogecoin is beginning to regain momentum after a sharp drop in the early hours of January 3, a move that liquidated many traders who had been betting on continued upside. This decline wasn’t just another pullback, as it marked the most significant Dogecoin price drop in six months. As noted by technical analyst Kevin (@Kev_Capital_TA), Dogecoin has just completed its second major correction in this ongoing bull cycle. Notably, the next move is a push towards $1 for Dogecoin. However, whether this recovery gains traction will largely depend on Bitcoin’s next move, as broader market....
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Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum. Traders Short DOGE Amidst Dogecoin Price Crash The Dogecoin price has crashed again, losing more than 25% of its value […]
Dogecoin Price Key Highlights. Dogecoin price surged higher after breaking a couple of important resistance area, as anticipated in one of our previous week's posts. The price traded towards the last swing high of 58.4 Satoshis, which prevented any further gains. Dogecoin price climbed higher and tested our long-awaited target of a buy call, and looks set for a correction moving ahead. A correction underway? The Dogecoin price rocketed higher recently and cleared a couple of important resistance levels, including a bearish trend line on the hourly chart and the 38.2% Fib retracement level....
Dogecoin Price Key Highlights. Dogecoin price continued to remain under the bearish pressure after a critical break below 50.0 Satoshis. There was a nasty move down, which took the price lower, but it was limited due to buyers putting up a fight. A recovery in underway, but it looks like buyers are struggling to hold the ground. Dogecoin price is under a bearish pressure, as there are many hurdles on the way up, and puts it on the risk of a down-move. Retest of lows? There was a break below a major support area of 50.0 Satoshis, as highlighted in yesterday's post. The downside was as....
The Fed's auction of 50,000 Bitcoins is hours away from taking place and the market has already started reacting to it. After enjoying a steady bull run towards 294, the Bitcoin price stumbled a little in last few hours - a part of correction, perhaps. The Dogecoin price, reacting almost inversely to Bitcoin's price movements, therefore surged notably within the same hours - around 3% against the BTC and 1.5% against the USD. The price previously was on a constant downtrend. By observing the 1H DOGE/BTC Cryptsy chart above, we can notice the following: The Dogecoin price is currently....
The Dogecoin price surged near 1.5% against the BTC during the March 11th trading session, thereby establish smaller bullish corrections in an already bearishly-biased market. The market however continues to face strong upside risks that, if tested, could really pulldown price back to invalidate the currency near-term bull sentiment. Following is the elaboration of this theory. As you can notice the DOGE/BTC 4H Chart above, sponsored by Trading View, the Dogecoin price has clearly formed new higher highs in order to test the 61.8% retracement - aligning with 54. Just after that, you could....