Dogecoin Retraced On Its Chart, Is There Chance Of An Uptrend?
Dogecoin slightly receded on its chart after displaying bullish momentum. Today most of the market movers were seen in the red. Currently, DOGE has found support near the $0.06 region, a while back the meme-coin had traded a little above the $0.07 price mark. The technical analysis of the coin still points towards a chance of bulls reclaiming levels above the $0.07 mark. Bitcoin too retraced over the last 24 hours and was priced at $22,000. Most altcoins follow the same price trajectory. Buying strength faded on the chart but buyers still outnumbered sellers in the market at press time. If....
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Key Highlights. Dogecoin's price managed to trade higher and broke amajor resistance area on the 30-min chart (data feed from HitBTC) as highlighted in yesterday's post. However, the price is still below a major confluence resistance at 31-32 satoshis, which holds the key in the near term. The price is now above the 100 hourly simple moving average on the 30-min chart, suggesting there is a chance of an upside move. Dogecoin's price climbed higher and is showing a lot of bullish signs on the 30-min chart. It looks like buyers took the first step and may take the price higher. 31-32....
Dogecoin price struggle continued this past week. However, it looks like there is a real chance of it trading higher in the days to come. Intraday Support Level can be 50.0 Satoshis. Intraday Resistance Level may be 60.0-62.0 Satoshis. Dogecoin price recently traded as low as 47.0 Satoshis where buyers appeared to prevent the downside move. The main reason why the price found support near the stated level was the fact that the 100 simple moving average on the daily chart was positioned near it. The price stalled near the 100-day SMA and currently attempting to trade higher. There is a....
Dogecoin (DOGE) remains a notable outlier in the cryptocurrency market, as it struggles to replicate the impressive price surges seen in other digital assets. However, all hope is not lost. Despite its lackluster performance, market expert Ali Martinez has offered a glimmer of hope for DOGE enthusiasts. Martinez’s technical analysis, based on the TD Sequential indicator, has signaled a potential uptrend for Dogecoin. However, investors should approach these predictions with caution, as the market’s volatility remains a significant factor. #Dogecoin appears ready to start a new....