The Basics about Cryptocurrency
Dogecoin (DOGE) was created in 2013 as a joke based on the popular “Doge” meme. Despite its origins as a meme coin, the DOGE has since gained a significant following and has seen significant price increases in recent years.
Key Highlights Dogecoin price attempted to trade higher, but failed miserably around a bearish trend line formed on the hourly chart (data feed from HitBTC). There was a sharp downside reaction after buyers failed to lift the price above the trend line resistance area. The price is again trading near the highlighted trend line, which …
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Dogecoin price is trading near a major resistance area of 40.0 Satoshis, as buyers eye a break. The price is following a support trend line on the hourly chart, which may push the price to higher levels moving ahead. A break above 40.5-40.9 Satoshis is needed for an upside move towards 44-45.0 Satoshis. Dogecoin price …
Dogecoin price remained under the bearish pressure, but trading near a major resistance area. The price is at a major crossroads, as there lies a crucial barrier around 58.0 Satoshis for buyers to break. The price continued to trade below the 100 hourly simple moving average (SMA), which is a warning sign. Dogecoin price struggled …
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Key Highlights Dogecoin price cleared a contracting triangle as highlighted recently, and traded lower. The price remains under the bearish pressure, which means more losses are possible moving ahead. A new weekly low was formed below 55.0 Satoshis, which can act as a support moving ahead. Dogecoin price suffered more losses and created a new …