Dogecoin Price Stuck In A Range Amid Market Crash, What Happens When It Break...

Key Highlights. Dogecoin price is still stuck in consolidation and is hovering near range support against litecoin. Momentum for a downside range break seems to be building up, as dogecoin price has made lower highs and is pushing closer to the bottom of the range. Dogecoin price has been moving sideways for quite some time around a longer-term area of interest and is revving up for a strong downside breakout. Bears gathering strength. The consolidation is persisting for now, as traders are waiting for more signs of bearish momentum. Short positions are approaching extremes, opening the....

Dogecoin Price Key Highlights. Dogecoin price stayed in a range, but it looks like the price might head lower in the near term. Sellers are making an attempt to break the range low, if it is cleared more losses are likely. 0 Satoshis is a major support area, which must hold if buyers have to prevent the downside. Dogecoin price is at risk of a break lower, as buyers seem to be struggling to prevent the downside. Downside Break. The Dogecoin price stayed in a range throughout this past week, which prevented moves in one particular direction. However, it looks like sellers might be able to....

Dogecoin Price Key Highlights. Dogecoin price is once again settling around the bottom half of its range visible on the 1-hour time frame, creating a mini-range just above support. This pattern has been seen in the past, with price favoring a downside break and further losses. Dogecoin price is currently stuck in a tighter short-term range but could be ready for a breach of support, as this has been the case in the previous consolidation. 100 SMA Resistance. Dogecoin price has made a quick pullback to the 100 SMA, which has served as a dynamic resistance area during the downtrend. This....

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 […]

Key Highlights. Dogecoin buyers failed on many occasions to take prices above 60.0 Satoshis. Range is contracting on the hourly timeframe, which suggests that a break is on the cards in the near term. Our highlighted double top pattern is still valid, and as long as the price of Dogecoin is below 60.0 Satoshis, there is a risk of a major decline moving ahead. Contracting Range. Dogecoin price action is getting complex, and it looks like 60.0 Satoshis is turning out to be a major barrier for buyers. We highlighted a double top pattern in one of the previous analyses, which is still intact.....