Bearish Year Leaves Dogecoin Trading Below $0.10, Who Remains In Profit?
Dogecoin has found itself unable to rally the way it did in the first half of 2021, thus resulting in it losing most of the value generated during that time. Nevertheless, it remains mostly profitable for the majority of its investors. The meme coin which has since lost its footing above 10 cents still remains the largest meme coin and a top 10 cryptocurrency by market cap, and this translates to the profitability of the digital asset. Majority Holders In Profit Even with the digital asset having declined more than 88% since its all-time high, the majority of those who are invested in this....
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Dogecoin Price Key Highlights. Dogecoin price continued to weaken, as sellers remain in control. The price has settled below an important support area of 60.0 Satoshis, which leaves it at risk of more declines. A new low below 55.0 Satoshis was formed, as buyers failed to defend losses. Dogecoin price traded lower this past week, and even breached a crucial support area of 60.0 Satoshis. More Losses? As mentioned earlier, there was a downside move in the Dogecoin price this past week. There are a couple reasons due to which the recent break is critical. First, the price settled below an....
Key Highlights. The Dogecoin price daily chart clearly suggests that the price is under heavy bearish pressure and it is likely continue moving lower. There is a monster bearish trend line on the daily timeframe chart with resistance around 40.0. The daily MACD is under a minor divergence, which means there is a possibility of a short-term correction. Dogecoin price may correct higher moving ahead, but if we look at the big picture, then it is quite clear that the price is in a downtrend. 40.0 Satoshis as Sell Zone? We highlighted many times during the past couple of weeks that the....
Dogecoin Price Key Highlights. Dogecoin price traded higher recently, but the upside move was not convincing, which leaves it at a risk of declines. The broken trend line (as highlighted in yesterday's post) was tested again. There is a chance that the price might head lower one more time and retest 60.0 Satoshis in the near term. Dogecoin price failing to hold gains is a worrying sign, and might call for a move lower if buyers did not manage to push it higher. Retest of 60 Satoshis? The Dogecoin price showed a lot of bearish signs on the hourly chart, which leaves it at a risk of a move....
There is a popular saying in the stock market: “Sell in May and Go away.” It's not May yet, but I think its best to sell Dogecoin now and go away for some time. The bulls are getting mauled up by the bears amid high volatility, and this has increased the probability that the cryptocurrency may see lower levels going ahead. Dogecoin remains unchanged on a daily basis, trading at 48 satoshis. A technical look at the 240-minute Dogecoin/Bitcoin price chart confirms the bearish undertone. Dogecoin Chart Structure - In my previous analysis, I had advised that Dogecoin is a seller's play and any....
Key Highlights. Dogecoin price weakened Intraday, as forecasted recently, but there was a sharp reaction around 68.0. A bearish trend line as highlighted yesterday is acting as a resistance for more upsides. A failure to break the stated trend line might ignite a down-move in the near term. Dogecoin price was completely rejected around 68.0 Satoshis, but the bearish trend line holds the key moving ahead. Trend Line as Pivot. Dogecoin dived Intraday after a rejection around an important bearish trend line on the hourly chart. The price cleared a monster support area of 70.0 Satoshis to....