Dogecoin Price Continues To Consolidate But A Move Above This Level Could Fue...
Dogecoin price has continued to consolidate. However, the coin showed signs of recovery on its one-day chart. Over the last 24 hours, the coin hasn’t made much progress. In the past week, Dogecoin price just moved up by 0.4%, which indicates that the coin is still in a consolidated price range. The technical outlook for Dogecoin indicated that buyers were not in control of the market at press time. This meant that Dogecoin price was still experiencing bearish pressure. For Dogecoin to be able to regain the bulls back, it is important that the meme-coin breaks past its immediate price....
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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. The Dogecoin price-after failing to break the 35-36 satoshi resistance area-started to consolidate in a range. There is a contracting triangle pattern forming on the hourly chart (price feed from HitBTC) that may act as a catalyst for the next move. As mentioned earlier, the price remains at a risk of more losses as long as it is below the stated resistance area. Dogecoin price started to consolidate intraday, and is currently looking for a reason to move higher. Let's analyze whether buyers can step in or not. Contracting Triangle Formation. We recently highlighted in a....
Key Highlights. Dogecoin price fell and tested our sell target of 30.0 Satoshis where buyers may appear. There is a chance of a bounce from the stated level, as it represents a major support as highlighted in the 2-hours chart (price feed from CEX. IO). On the upside, the hourly simple moving average could continue to stall gains and prevent the upside move. Dogecoin price reached 30.0 Satoshis as forecasted, and now it's time for sellers to consolidate and wait for a short-term correction. Recovery Possible? Dogecoin price continued to move down Intraday, and cleared yesterday's low to....
Key Highlights. Dogecoin price continued to move inside a small range, as the market awaits a short-term break. On the topside, 71.0 Satoshis remains a major hurdle for buyers. Any weakness from the current levels might see buyers around the 100 hourly simple moving average. Dogecoin price was relatively muted, as there was really no action and movement during the past couple of sessions. Choppy Price Action. Dogecoin prices trading in a range with a choppy price action, which suggests that there is no real reason for either buyers or sellers for the next move. After a complete rejection....
Key Highlights. Dogecoin price continued to consolidate in a range as highlighted yesterday and waiting for a break in the near term. 0 Satoshis is still a major support area which holds the key for the next move. On the upside, a break above 68.0 Satoshis is needed for buyers to take control. Dogecoin price looks set for the next move, but it needs a break either higher or lower to gain momentum. Upside Break? As mentioned in yesterday's post that the Dogecoin price spiked two time above 80.0 Satoshis, but failed to sustain gains and started a consolidation phase. There is a major support....