DOGE Continues Its Prolonged Consolidation

2020-9-17 17:30

The Dogecoin (DOGE) price has been consolidating after a rapid pump and dump on July 10.

Currently, there are no signs that suggest the price is likely to begin an upward or downward move. However, the DOGE/USD chart looks considerably more bullish than the DOGE/BTC one.

Long-Term Consolidation

With the exception of an upward move on July 8, which took the price to a high of 60 satoshis (that was quickly retraced), the DOGE price has barely moved. The price is trading very close to 26 satoshis, an area that has acted as support since the beginning of February.

While the MACD is increasing, it hasn’t turned positive yet. In addition, both the RSI and the Stochastic Oscillator are moving downwards. This indicates that there are no reversal signs however, and the price could continue consolidating near this level for the foreseeable future.

DOGE Chart By TradingView

The weekly chart reveals a similar outlook, with the exception that technical indicators are more bearish. The MACD is falling, and the Stochastic Oscillator has made a bearish cross. The RSI is currently trading near the 50 level.

If the price were to move upwards, the closest resistance areas would be found at 65 and 85 satoshis, respectively. However, currently, there are no signs that the price will do so.

DOGE Chart By TradingView DOGE/USD

Cryptocurrency trader @Devchart stated that DOGE is finally moving upwards after an extended period of consolidation.

Source: Twitter

The DOGE/USD chart looks considerably more bullish than its BTC counterpart. While the price has been falling since its rapid pump on July 10, the decline has served to validate the $0.0027 area as support. This area acted as resistance before the pump.

Also, technical indicators have begun to turn bullish. Both the MACD and Stochastic Oscillator are increasing, the latter possibly getting ready to make a bullish cross. In addition, the RSI has formed a slight bullish divergence, a sign that the price is likely to begin moving upwards.

Therefore, we could eventually see an upward move towards $0.0035 and possibly $0.0045.

DOGE Chart By TradingView

The post DOGE Continues Its Prolonged Consolidation appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Dogecoin (DOGE) на Currencies.ru

$ 0.3203 (-0.66%)
Объем 24H $4.988b
Изменеия 24h: -1.60 %, 7d: -20.02 %
Cегодня L: $0.3104 - H: $0.3238
Капитализация $47.189b Rank 7
Цена в час новости $ 0.0028413 (11173.01%)

doge price downward begin upward suggest likely

Источник: beincrypto.com

doge price → Результатов: 126


Dogecoin Price Struggles To Keep Up With Altcoin Rally, Has Elon Musk Abandoned DOGE?

Dogecoin has found itself navigating erratic zones as it struggles to keep up with the impressive price surges of various altcoins in the crypto market.  DOGE Experiences Slow Growth While the broader cryptocurrency market is preparing for the upcoming bull run and has experienced several upticks from the current industry trends, the price of DOGE […]

2023-11-13 19:00


Фото:

Dogecoin Sees Massive Rally—What’s Next?

After a one-year-long period of consolidation, the Dogecoin (DOGE) price finally broke out on July 7. It initially increased by 100% in less than two days but has retraced slightly since. DOGE Breaks Past Resistance The DOGE price had been following a descending resistance line since October 2019, when the price reached a high of […] The post Dogecoin Sees Massive Rally—What’s Next? appeared first on BeInCrypto.

2020-7-8 15:05


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

DOGE Breaks Out and Aims for Prices Above $0.01

This is a short/medium-term analysis. For a longer-term analysis, click here. Breakout and Retest DOGE has been decreasing alongside a descending resistance line since Jan. 2, when it reached a high of $0.

DOGE Finally Breaks Out From Long-Term Resistance

As long as it’s trading above, DOGE should continue moving upwards towards the resistance levels outlined below. Long-Term Levels The weekly chart shows that DOGE has broken out and reached a close above the $0.

DOGE Breaks Out and Targets $0.0055

DOGE should continue increasing and break out from the resistance area outlined in the article. Similarly, DOGE/BTC has reached a crucial long-term support area from which a bounce is likely. Breakout and Retest The weekly chart shows that DOGE has been moving upwards since March.

DOGE Maintains Bullish Structure After Sharp Drop

Despite the sharp drop, it has maintained its bullish structure and is likely to soon begin an upward move. Doge Breakout From Wedge On Nov. 5, the DOGE price broke out from a descending wedge and proceeded to rally over the next three weeks, reaching a high of $0.

DOGE Finally Breaks Out From Long-Term Pattern

The Dogecoin (DOGE) price has broken out from a bullish pattern that had been in place since July. It will likely continue rallying towards the resistance areas outlined below. Breakout From Long-Term Pattern The DOGE price has been moving downwards since a rapid rise took it to $0.