Dogecoin To $0.50? This Channel Break Could Be The Catalyst
An analyst has pointed out how Dogecoin could see a rally to $0.50, if the upper boundary of this technical analysis pattern breaks. Dogecoin Is Currently Trading Inside A Parallel Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern forming in the 1-day price of Dogecoin. The pattern in question is a Parallel Channel, which forms when the price of an asset observes movement restricted between two parallel trendlines. Related Reading: Toncoin, Quant Seeing Whale Activity Explosion, Big Move Ahead? The upper line of the channel is likely to provide....
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Key Highlights. Dogecoin price continued to move inside a range, but with sellers having the upper hand. A downward sloping channel is formed on the hourly chart, i.e. is acting as a catalyst in the short term. A break below the 65.0 Satoshis support area might ignite more losses moving ahead. Dogecoin buyers struggle continued, as they failed to take the price higher, which increases the risk of a break lower. 100 MA as Pivot. There is a descending channel formed on the hourly chart of Dogecoin, which is acting as a catalyst for a downside move. The number of rejections on the upside are....
Key Highlights. Dogecoin price continued to move lower and even created a minor new low below 38.0 Satoshis. There is a downtrend channel pattern forming on the hourly chart, which is acting as a catalyst for the price. There is a major support around 36.5 Satoshis that might be tested in the near term. Dogecoin price remained in the bearish zone, and it looks like there is a chance of it breaking down and testing 36.6 Satoshis. Channel Break Near? The Dogecoin price remained under the bearish pressure and continued to trade lower as anticipated in yesterday's post. A minor new low was....
Dogecoin Price Key Highlights. Dogecoin price continued to trade below 50.0 Satoshis, as there was not break either higher or lower. The price is still trading below the 50 level, which is a bearish sign and could take it lower. There is a breakout pattern forming on the hourly chart in the form of a channel that might act as a catalyst moving ahead. Dogecoin price struggling to gain momentum, which increases the risk of it moving lower in the near term. More losses ahead? There was no break yesterday in the Dogecoin price, and both buyers and sellers failed to gain momentum. The price was....
Key Highlights. Dogecoin's price managed to recover some ground this past week, but it remains at risk of a move lower during the upcoming week. There is an ascending channel pattern forming on the hourly chart (data feed from HitBTC), which is acting as a support. A break below the channel support area may call for more losses in the near term. Dogecoin's price remains under a monster bearish trend line on the 4-hour chart, and an interesting pattern is forming for the next move. Ascending Channel Pattern. Dogecoin prices managed to trade a few points higher this past week after trading....
Back in December 2024, the Dogecoin price entered the Gaussian Channel following a sharp decline in price as Bitcoin suffered multiple crashes. However, even though the entry was triggered by bearish forces, Dogecoin’s entry into the Gaussian Channel was bullish and showed a tendency to recover quickly from dips. This is because the Gaussian Channel can act as a bounce-off point to possibly send DOGE soaring toward new all-time highs. Dogecoin Gaussian Channel Flashes Green Over the last few weeks, the Dogecoin price has been trending in the Gaussian Channel, showing evidence of....