Key Highlights Dogecoin price broke higher this past week, but failed to retain the bullish bias and traded down once again. There was a bearish trend line formed on the 4-hours chart (data feed from HitBTC), which was cleared to set the pace for more gains. The price is currently trading near 50.0 Satoshis, which is a monster support area for the bulls in the near term. Dogecoin price traded towards 64.0 Satoshis, but found sellers. The price is currently trading near a major support area. Can the bulls defend it? Can Dogecoin Price Gain Momentum? Dogecoin price traded positively during the start of this past week and broke a major bearish trend line formed on the 4-hours chart (data feed from HitBTC). Moreover, the price also moved above the 100 simple moving…
Key Highlights Dogecoin price spiked higher this past week and closed above a major resistance of 50.0-52.0 Satoshis. There was a bearish trend line formed on the 4-hours chart (data feed from HitBTC), which was broken to clear the way for more gains. The price is currently attempting to break the 100 simple moving average on the 4H timeframe, i.e. currently acting as a resistance. Dogecoin price may gain further in the near term. However, for that to happen the price needs to break the 100 SMA on H4 chart. Can Dogecoin Price Gain Momentum? Dogecoin price weakened initially this past week and traded below the 50.0 Satoshis, but managed to recover later on. The price traded as low as 47.5 Satoshis before climbing back higher. The price traded positively and…
Key Highlights Dogecoin price after gaining strength failed and started to move down once again. There is a bearish trend line formed on the 4-hours chart (data feed from HitBTC), which can be seen as a major resistance area for the bulls. The price is also below the 100 simple moving average on the 4H timeframe, which is a bearish sign. Dogecoin price recently traded above 60.0 Satoshis, where it found sellers and traded down. Can it continue heading lower? Sell Rallies? Dogecoin price this past week spiked above the 60.0 Satoshis area where it found sellers that pushed the price back down. The price is currently following a bearish path and it looks like it may continue in the near term. There are many hurdles formed for the bulls on the upside that can be seen…
Key Highlights Dogecoin price is showing a lot of positive signs, and it all goes well there is a possibility of it gaining traction. There was a crucial bearish trend line formed on the 4-hours chart (data feed from HitBTC), which was broken recently to open the doors for more gains. The price is currently trading near the 100 simple moving average on the 4H timeframe, and if it is cleared a move towards 70.0 Satoshis is possible. Dogecoin price broke a major resistance area this past week. It has increased the chances of it gaining ground during the upcoming week. Upside to Continue? Dogecoin price looks like formed a short-term base near the 50.0 Satoshis support area, and appears set for more gains in the days to come. There was a major break noted this past…
Key Highlights Dogecoin price is forming a major base around 47.0 Satoshis and if buyers gain control, a spike higher is possible. There is a crucial bearish trend line formed on the daily chart (data feed from HitBTC), which may play a major role for the bulls. The price is also below the 100 simple moving average on the daily chart, suggesting the price is above a major support area. Dogecoin price struggle continued this past week, but it looks like there is a real chance of it trading higher in the days to come. Trend Line Break? 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…