THELOGICALINDIAN - Dogecoin Price Key Highlights
Dogecoin amount confused lower and traded beneath a analytical abutment breadth of 50.0 Satoshis, which is a bearish sign.
Yesterday, we mentioned that there is a adventitious of a breach beneath 50.0 Satoshis, as there were abounding bearish signs acclaimed on the alternate chart. The amount did move lower and bankrupt the mentioned level. There was alike a fasten beneath the accent bullish trend band and abutment area. The amount traded as low as 46.9 Satoshis breadth it aloof managed to acquisition buyers for a move higher. The amount managed to barter aback central the burst trend band and approach abutment area, but the amount activity suggests that there is still a lot of bearish pressure.
The Dogecoin amount is still beneath the 100 alternate simple affective average, which credibility to the actuality that sellers are actuality to stay. Moreover, the high bearish trend band is complete and acting as a barrier. If there is a move higher, again the 50% fib retracement akin of the aftermost bead from 53.2 Satoshis to 46.9 Satoshis could act as a hurdle. It is accumbent aloof beneath the 100 MA. Lastly, the abutting attrition can be about the 61.8% Fib akin at 51.0 Satoshis.
On the downside, an antecedent abutment is about 48.0 Satoshis, followed by the aftermost beat low of 46.9 Satoshis.
Intraday Support Level – 48.0 Satoshis
Intraday Resistance Level – 51.0 Satoshis
The alternate RSI is beneath the 50 level, suggesting that added losses are possible.
Charts address of Trading View
