Dogecoin Slows Down As Bearish Sign Appears; Here Are Levels To Watch
DOGE’s price slowed down after showing so much strength as it rallied to a high of $0.15. DOGE could suffer retracement as bearish divergence appears in the four-hourly (4H) timeframe, with the price suffering little retracement. DOGE’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). The price of Dogecoin (DOGE) displayed an incredible price action as the price rallied from a low of $0.055 to a high of $0.15, with many becoming euphoric. The crypto market has enjoyed a little bit of relief bounce across....
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Dogecoin Price Key Highlights. Dogecoin price failed to break the trend lines pattern, which is a worrying sign for buyers in the near term. There are a few bearish signs emerging on hourly chart, suggesting a bearish turn moving ahead. The price is now below the 100 hourly simple moving average, which might ignite a down-move. Dogecoin price failure to break higher is a major concern for buyers, and might push the price lower if sellers gain control. Break of 50.0 Satoshis? The Dogecoin price struggled this past week to gain strength and traded inside two trend lines, as highlighted....
Key Highlights. Dogecoin price after a solid bullish ride failed around 80.0 Satoshis, which turned out to be a monster hurdle for buyers. A major selling interest was noted around the mentioned area, as the price dipped below 65.0. Sellers might remain active for a while, as there looks like a lot of bearish pressure on Dogecoin. Dogecoin price failure to trade above 80.0 Satoshis is a critical bearish sign, suggesting how important the resistance is for buyers in the near term. Monstrous decline. Dogecoin price as mentioned failed around 80.0, and traded lower. The downside reaction was....
Dogecoin Price Key Highlights. Dogecoin price has been stuck in consolidation for quite some time, as support at the recent lows has been stubbornly holding. Selling pressure may have been exhausted around these levels, with bulls still trying to keep dogecoin price afloat. Dogecoin price might be due for a bounce, with the current floor refusing to give way and a bullish divergence materializing. Higher lows and lower lows. Stochastic has formed higher lows while price has formed lower lows from earlier in the month, creating a bullish divergence signal. This could be a sign that a....
DOGE’s recent surge in network activity appears to be grinding to a halt. After a flurry of activity that saw Dogecoin (DOGE) briefly process a higher dollar value of daily transactions than Bitcoin (BTC) and Ether (ETH) combined, the surge seen on the Dogecoin blockchain appears to be slowing down.Dogecoin’s price increase throughout 2021 has been accompanied by an equally outlandish increase to the value of transactions taking place on its blockchain. The dollar value of DOGE sent from wallet to wallet peaked at $82 billion on May 5, exceeding the $35 billion recorded on Bitcoin and $12....
Key Highlights. Dogecoin managed to breach an important triangle formed on the hourly chart, but the upside move was limited. Range trading moves exist, and buyers need to be careful moving ahead as there are a few bearish signs developing. Recent break higher in Dogecoin cannot be considered as a bullish move, as there was hardly any momentum. We mentioned in yesterday's post, that there was acrucial breakout pattern formed on the hourly chart of Dogecoin. It was breached recently by buyers, but there was hardly any rally towards the upside after the break. Buyers seem to be struggling to....