Dogecoin Price Movement Thwarted By Sellers, What’s Next On Chart?
Dogecoin price has witnessed a steep fall in the past week. It lost 15% of its market value in that given time duration. Over the last 24 hours, DOGE fell by 0.7%. The current price action pointed towards a range-bound movement. If Dogecoin price continues to consolidate it might fall below its closest line of support. If the bulls attempt to rise the price of the altcoin higher than its current level then it might trade above its resistance mark. Ever since broad market weakness stepped in, many altcoins have fallen on their respective charts. The technical outlook of Dogecoin price....
Related News
August 26 is the long-awaited day for a critical shift in the crypto market price movements. At the end of today, the bears or the bulls will take over the market, although everyone hopes for a reversal of the bearish trend. Recall that the last announcement of inflation data didn’t push the market down. Instead, investors saw some price rallies. But from this week’s price movement, it’s evident that the recovery has subsided. Related Reading: Dogecoin Price Movement Thwarted By Sellers, What’s Next On Chart? But another movement might take place after the Federal Reserve....
Dogecoin’s price has been optimistic over the last week. The coin secured double digit gains over the last seven days, it rose by nearly 20%. The meme-coin has been experiencing rigid resistance at the $0.07 level and if it trades around the current price level, it could fall to its next support line of $0.05. The bulls have tried to show signs of recovery as the coin tried to move upwards slowly over the past few days. On the shorter time frame, DOGE has lost some of its market value. Over the last 24 hours, Dogecoin depreciated by 4%. Technical outlook for the coin has also....
Key Highlights. Dogecoin price managed to stay above 60.0 Satoshis where it found support on a number of occasions. There is a bullish trend line formed on the hourly chart, which is acting as a barrier for sellers. A few bearish signs are noted, which are providing mixed signals in the near term. Dogecoin price might trade higher moving ahead, as sellers failed to take it lower which escalates the chances of gain. What's next? There was an upside reaction recently in the Dogecoin price, as it traded above 74.0 Satoshis. However, buyers failed to maintain strength, which resulted in a....
Key Highlights. Dogecoin price looks like it's on the verge of a short-term break as can be seen on the 30-mins chart (price feed from CEX. IO). There is a nice channel pattern formed on the 4-hours chart (price feed from HitBTC), suggesting a caution for sellers moving ahead. The price is above the 100 simple moving average (SMA) - H4, which is a positive sign for the bulls in the near term. Dogecoin price may trade higher if buyers take control, as looking at the higher timeframe chart (H4), there are many bullish signs. 100 SMA as Catalyst. Dogecoin price failed to gain traction....
Key Highlights. Dogecoin price looks like created a short-term top and may continue to move lower moving ahead. The highlighted resistance area at 41.0 Satoshis proved a crucial barrier and might push the price down. If sellers manage to break 38.0 Satoshis, then a move towards 36.0 Satoshis is possible in the near term. Dogecoin price failing to move above 41.0 Satoshis is a bearish sign and could ignite another round of selling if sellers step in. Downside Slide in Dogecoin Price. Dogecoin price had no relief, as there were no signs of bulls. On the other hand, there are a few signs on....