Dogecoin Slides To Support Of $0.11; These Indicators Point To Bearish Weakness
After breaking out from its long-range channel movement, DOGE’s price shows much strength but has struggled recently. DOGE suffers more sell-off as price loses steam to rally higher, falling to its key support for bulls to push price up. DOGE’s price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Dogecoin (DOGE) price recently showed some great price action as the price rallied to a high of $0.15, gaining over 150% within 7 days. Still, the price has failed to live up to the expectations and hype it....
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[Note: All the price figures are counted in Satoshi]. After testing 743 as its new peak last month, the Dogecoin price appears to be on a constant downtrend, while waiting for a breakout. And in over the last 24 hours, the prevailing long-term bearish trend has further bolstered with the sudden Bitcoin rally towards $266. The DOGE/BTC lost some money there, probably due to the increase in demand of Bitcoins. In the process, the pair retested December 2014's low around 517, and bounced back towards north a little. As you can notice the technicalities further in above the 4H HitBTC charts,....
Bitcoin price is now trading under $19,000, after repeated failure to sustain above its former all-time high and flip the former record from resistance to support. Since then, the leading cryptocurrency by market cap has fallen $500, but it could be the beginning of a short bearish phase to reset market sentiment, indicators, and more, […]
Key Highlights. The Dogecoin price forming an interesting structure on the hourly chart with support around 36-38.0 Satoshis. If the price breaks the highlighted bullish trend line and support area, a decline towards 32.0 Satoshis is possible. Our yesterday's highlighted bearish trend line on the 30-mins chart (price feed from CEX. IO) is still in play and acting as a resistance. Dogecoin price looks like forming a breakout structure on the hourly chart with most indicators aligning for a bearish move. 36-38.0 Satoshis as Support. The recent price action in the Dogecoin price has been....
The Dogecoin price dropped 2.05% against the BTC in over the last 24 hours, as Bitcoin continued to test its prevailing upside risk near 281; therefore maintaining its bullish bias. The Doge price is reacting inversely to Bitcoin's price behavior; and is therefore continuing on its prevailing bearish bias. Dogecoin Price 4H HITBTC Chart. As you can see in the chart above, the Dogecoin price has held a constant downward momentum for quite a time. Over the last 24 hours, the price succeeded to float above 49, while testing upside resistance near 52; therefore forming consolidation between....
[Note: The price unit used in the following article is Satoshi.]. The Dogecoin price against Bitcoin seems to be having the roughest time of all top altcoins. The pair has been on an extended downtrend in the wake of recent sharp rallies in Bitcoin market. There is indeed a notable volume shift towards Bitcoin that has impacted the Dogecoin's demand in the market; hence the fat depressions. Speaking of the last 24 hours, the Dogecoin price continued to form lower lows; therefore validating its bearish moods. At one point of time, it dropped to as low as 47.7, invalidating the presumed....