Dogecoin Price Weekly Analysis – Consolidation Ahead of Break?
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Dogecoin Price Weekly Analysis – Consolidation Ahead of Break?

THELOGICALINDIAN - Dogecoin Price Key Highlights

Dogecoin amount connected barter central a range, and it looks like it is ambience for a breach in the abreast term.

The Dogecoin amount is basic an absorbing pattern, which is ambience up for a breach in the abbreviate term. As accent in the antecedent week’s assay there are two trend curve formed on the alternate chart, which are acting as a agitator for the price. The high trend band is a above hurdle for buyers, as there are abounding things accumbent about it. First, the 53.0-54.0 Satoshis breadth is about the trend line, which acted as a abutment beforehand and may arrest assets affective ahead. Second, the 38.2% Fib retracement akin of the aftermost bead from 58.3 Satoshis to 50.1 Satoshis is positioned about the declared level. Lastly, the 100 alternate simple affective boilerplate is about the accepted price, which is additionally abacus to the bearish pressure.

Dogecoin Price Weekly Analysis

Let us see whether buyers can administer to bright the trend band and attrition breadth or not. A breach and abutting ability booty the amount appear the 61.8% Fib level.

On the downside, as mentioned time and afresh 50.0 Satoshis is a above abutment area. Moreover, the declared akin is additionally accumbent with a bullish trend band formed on the alternate chart.

Intraday Support Level – 51.0 Satoshis

Intraday Resistance Level – 53.0 Satoshis

The alternate RSI is about the 50 level, which agency there is a adventitious of a breach affective ahead.

 

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