What The 50-Day Moving Average At $0.22 Says About The Dogecoin Price
The Dogecoin price has been gearing up for a major bull rally since it rose to the $0.4 threshold and began testing this resistance. Shedding light on Dogecoin’s future bullish trajectory, a crypto analyst has discussed the importance of the $0.22 50-day Moving Average (MA) in determining the Dogecoin price movements in this bull cycle. How The 50-Day MA Impacts The Dogecoin Price Rally The 50-day MA is a technical indicator that highlights a cryptocurrency’s average price over the last 50 trading days. It is primarily used to identify price trends, determine resistance and support....
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Dogecoin has unshackled itself from the tapering price range as it witnessed a massive collapse below the level of 50.8 satoshis to a low of roughly 43 satoshis. However, after much struggle, the cryptocurrency has managed to recoup major losses and is now worth 48.9 satoshis. Here, the 240-minute Dogecoin/BTC price chart has been technically analyzed to find new resistance and support levels. Price Structure - The frightening crash seen in Dogecoin as it failed to rise above the 20-4h simple moving average has seriously damaged the price structure. The cryptocurrency has been trying to....
The contraction in Dogecoin has reached a whole new level. Earlier, the price was oscillating between 50-52 satoshis, before being clipped to 50.8-51.9 satoshis. However, April seems to have brought out the tightest possible range - 50.8-51.2 satoshis. Each Dogecoin is currently worth 50.9 satoshis. The 240-minute Dogecoin/BTC price chart has been technically analyzed below to determine what is causing the pressure on the cryptocurrency and the key levels to look forward to. Moving Average - The Dogecoin price is facing stiff resistance near the 20-4h simple moving average of 51.2....
Dogecoin Price Key Highlights. Dogecoin price traded higher intraday, but failed to maintain gains and struggled later. 100 hourly simple moving average is acting as a hurdle for buyers in the near term. Price is back below an important support of 72.0 Satoshis, which is a worrying sign for buyers. Dogecoin price declined intraday, and it looks like sellers are positioned to take it further lower moving ahead. Buyers Nervous? Dogecoin price managed to climb a bit yesterday, and breached a major channel resistance area as highlighted in one of the recent analyses. However, there was no real....
Dogecoin could be gearing up for another major surge in price as the meme coin’s chart shows the formation of a major pattern. The Golden Cross pattern is a major bullish formation on a chart that usually precedes a notable rally for digital assets such as DOGE. Currently, the Dogecoin price is forming its first golden cross in four years, making this an important development for the meme coin’s price. Dogecoin Analyst Points out Golden Cross Dogecoin analyst Kevin Capital on X (formerly Twitter) has highlighted an important formation on the Dogecoin chart. According to the crypto analyst,....
Dogecoin Price Key Highlights. Dogecoin price as mentioned yesterday formed a double top pattern near the last swing high of 67.0. We need to wait for a break in order for the price to move lower and retest 60.0. The price is attempting to close below the 100 hourly simple moving average, which is a negative sign for buyers. Dogecoin price formed a double top pattern recently, and if sellers gain control more losses are possible moving ahead. Double Top Formation. We highlighted in yesterday's analysis that the Dogecoin price formed a double top pattern on the hourly chart, as there were....