Dogecoin Price Action: Doge Drops Below Range Amid Bearish Market Movements

2019-1-28 18:49

Dogecoin Daily Chart – Source: Tradingview.com

Doge dropped below a key range today as bearish movements take place across the market.

Dogecoin had been trading in a range from $0.002 to $0.0023 for over two weeks and broke below today after numerous tests to the lower end of the range last week.

$0.002 to $0.0023 has historically been an important range for Dogecoin.

Price traded within this range for three weeks when it entered in late November.

Dogecoin 6-Hour Chart – Source: Tradingview.com

Doge tested the lower end of the range several times last week.

Each drop below was quickly brought back within the range with traders rejecting valuations below $0.002.

However, the bearish drops which have been hitting the market today provided enough selling pressure to bring the price to trade below $0.002.

Some prices are recovering from here but it is likely that doge will meet resistance at $0.002 if it rises back up to this point.

Key Takeaways: Doge has broken below a key range it had been forming for the past two weeks between $0.002 and $0.0023. Doge spent around two weeks in the range. Doge had tested the lower end of the range several times last week but prices below $0.002 were quickly rejected each time they fell below. With prices now being accepted below $0.002, it is likely that doge will meet resistance at this point if it rises back up to here. Latest Dogecoin News:

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Dogecoin Price Action: Doge Drops Below Range Amid Bearish Market Movements was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

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Источник: blokt.com

range below → Результатов: 115


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