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    Bulls In Control, Dogecoin Eyeing Additional Short Term Gains?

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    Bulls In Control, Dogecoin Eyeing Additional Short Term Gains?

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    Dogecoin has been flashing bullish signs on its short term chart. The coin is currently trading laterally. Over the past week, DOGE registered 7% appreciation. The meme-coin has stabilised on the $0.06 support line. The key support level for the coin stood at $0.064. For DOGE to continue on a bullish path, demand for the coin has to remain in the positive. On the four hour chart, Dogecoin is targeting the $0.07 level. Although buying strength is still in the positive, there has been a minor decline in the buying pressure on the short term chart. If buying strength declines, then a pullback is in order for the meme-coin. Bulls will lose steam if the coin does not manage to trade above the $0.064 level for a considerable period of time. With Bitcoin’s price showing signs of upward movement, altcoins are also registering relief on their charts. The global cryptocurrency market cap today is $997 Billion with a 1.7% positive change in the last 24 hours. Dogecoin Price Analysis: Four Hour Chart DOGE was trading at $0.069 at press time. The coin has mostly registered sideways trading but has managed to slowly gain over the past weeks. Buyers currently outnumber sellers but if Dogecoin doesn’t move past the $0.070 mark, buying strength might lose momentum. This may cause DOGE to revisit the $0.047 support level. If Dogecoin moves above the $0.070 resistance mark  and trades there for a substantial period of time then a jump to $0.094 might be possible. The amount of DOGE traded in the last session declined considerably signifying a fall in selling pressure which remains a sign of bullishness. Technical Analysis With price of the coin increasing steadily the demand for Dogecoin also moved on an upward trajectory. In accordance with the increased buying strength, the Relative Strength Index was pictured above the half-line. This reading signified positive buying strength and bullish price action, however, a small downtick on the indicator was noted. Moving Average Convergence Divergence depicts price momentum. MACD underwent a bullish crossover and flashed green signal bars. These green signal bars suggested buy opportunities. Related Reading | Dogecoin Has Formed A Bullish Reversal Pattern, What’s Next? DOGE’s price action is headed in a bullish way but as the coin laterally traded for sometime, it reflected on the indicator seen on the above chart. Bollinger Bands are tied to depicting chances in price fluctuation. Bollinger Bands opened up slightly however, it was mostly parallel suggesting that price of the coin might not undergo heavy movement. The Directional Movement Index indicates price trend and the strength of the same. DMI was positive as the +DI line (Blue) was above the -DI line (Orange). Average Directional Index (ADX) rose above the 20-mark, which represented that the current price trend was gaining momentum on the chart. This indicated that Dogecoin could log short term gains over the upcoming trading sessions. Related Reading | Dogecoin Adds $1 Billion To Its Market Cap Folllowing Elon Musk’s ‘Boring Company’ Announcement Featured image from Unsplash.com, chart from TradingView.com  

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    Dogecoin Price Analysis: Despite Elon Musk’s Recent Tweets, DOGE At Critical Support

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    Dogecoin Price Analysis: Despite Elon Musk’s Recent Tweets, DOGE At Critical Support

    Like the rest of the cryptocurrencies, Dogecoin had seen a painful month in May, experiencing a rapid decline in its DOGE valuation. Can Elon Musk save his favorite cryptocurrency with the price at critical support? Key Support levels: $0.08 Key Resistance levels: $0.11 DOGE had a positive month in April, but all of this came […]

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    Can Dogecoin Slide Further? Key Technical Levels To Keep An Eye On

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    Can Dogecoin Slide Further? Key Technical Levels To Keep An Eye On

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    Dogecoin remains bearish at the time of writing as it just broke below its immediate price support line. Broader market weakness can be attributed to the price fall. Major market movers have displayed choppy price action. Over the last 24 hours, Dogecoin lost 2% and in the last week, it declined by 8%. The global cryptocurrency market cap was at $1.93 Trillion as there has been a decline of 0.2% in the last 24 hours. The meme coin has been facing tough resistance at its immediate price ceiling. Buyers have also decided to lay low as a reason the coin continues to fall prey to selling pressure. Constant fall in buying pressure has pushed the coin to break its immediate support level and eye its next price floor. Dogecoin Price Analysis: Four Hour Chart Dogecoin was trading for $0.1324 as it breached its support level of $0.1345 at the time of writing. The coin has been bearish and it has been trading in a descending channel that is considered to be negative. A continued fall in prices could push DOGE to $0.1279 marking a 4% fall. If the coin is unable to stay on the above-mentioned support line, it could trade near the $0.1190 level. Trading Volume was seen in the red and the bar was smaller than the previous trading sessions, suggesting a sell-off on the charts. Immediate resistance for the coin was seen at $0.1537 and the coin continued to face rejection at the aforementioned point. Another strong resistance for the meme-coin was at $0.1600. Related Reading | Dogecoin Soared After Elon Musk Bought 9.2% Of Twitter, What’s Next? Technical Analysis Dogecoin’s prices were trading beneath the 20-SMA line, which is in accordance with increased selling pressure. Sellers were driving the price momentum in the market according to the 20-SMA line. A significant push from the buyers could provide a momentary respite to the coin. The Relative Strength Index was seen below the half-line signifying that buyers have exited the market. The asset was oversold and undervalued at the press time. Further oversold conditions can drag prices down to the next support level. Awesome Oscillator determines the price momentum of the coin. Dogecoin was on negative price momentum. AO projected red histograms underneath the half-line, which signifies a negative price momentum. Parabolic SAR is an indicator that helps to understand trend direction and also the potential price reversals. Parabolic SAR’s dotted lines were seen above the price candlesticks, which meant that the price was moving south at the time of writing. This meant that the price trend was negative on the four-hour chart. Suggested Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours

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    Dogecoin Price Analysis: 100-day SMA Bolster DOGE Price To Break $0.17

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    Dogecoin Price Analysis: 100-day SMA Bolster DOGE Price To Break $0.17

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    The DOGE price pumps 8% today, responding to the Billionaire Elon Musk’s proposal for twitter to accept Dogecoin for Twitter Blue subscription. This celebrity-driven rally may encourage buyers to rechallenge the overhead resistance of $0.17 for a bullish breakout. Key technical points: The 100-day SMA flipped to a valid support The DOGE chart presented four consecutive green

    The post Dogecoin Price Analysis: 100-day SMA Bolster DOGE Price To Break $0.17 appeared first on CoinGape.

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    Binance Coin, Dogecoin Price Analysis: October 19, 2021

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    Binance Coin, Dogecoin Price Analysis: October 19, 2021

    Binance Coin is on the verge of cracking the supply zone at $500 as part of the plan to close the gap to $600. Dogecoin is back on the investors’ preferred crypto-asset list as it gains traction to $0.3. Binance Coin and Dogecoin are coming up as the strongest contenders on Tuesday, with significant gains

    The post Binance Coin, Dogecoin Price Analysis: October 19, 2021 appeared first on Coingape.

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    Dogecoin Price Prediction: DOGE on threshold for 48% rally amid Elon Musk aggressive pumping

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    Dogecoin Price Prediction: DOGE on threshold for 48% rally amid Elon Musk aggressive pumping

    Dogecoin breaks above a symmetrical triangle pattern and readies for liftoff to $0.4. Elon Musk becomes the official “Dogefather” ahead of the Saturday Night show. The immediate support at $0.30 should be defended; otherwise, a correction may occur toward $0.15. Dogecoin led the price action in the cryptocurrency market on Wednesday, breaking away from the

    The post Dogecoin Price Prediction: DOGE on threshold for 48% rally amid Elon Musk aggressive pumping appeared first on Coingape.

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