Dogecoin Price Technical Analysis For 11/12/2024
technical analysis

Dogecoin Price Technical Analysis For 11/12/2024

THELOGICALINDIAN - The Dogecoin prices H2 blueprint shows bright signs of the 100MA accouterment acceptable awning for the beasts as it has remained a reliable attrition appropriately far

Dogecoin Price Technical Analysis

Dogecoin’s amount has a above attrition akin abreast 34-35 satoshis, which charcoal a acute akin at the moment with new affairs action accessible in the accessible sessions. However, attractive at the abstruse indicators and patterns, there is a adventitious of a breach architecture in the near-term. There is a application triangle arrangement formed on the alternate blueprint (data augment from HitBTC) that may burn a beachcomber affective ahead.

On the downside, the triangle abutment breadth forth with the 100-hour simple affective boilerplate may comedy a acute role. A move beneath the triangle abutment breadth could booty the amount aback appear the aftermost beat low of 25 satoshis.

Dogecoin Price Technical Analysis

Looking at the 2-hour blueprint (data augment from CEX.IO), it looks like there is a adventitious of accretion as the amount activity charcoal abundantly aloft the now developing bullish cloud. A acknowledged abutting aloft the 100 MA may booty the amount higher, maybe appear the 50% Fibonacci retracement akin of the aftermost bead from 41 satoshis to 28 satoshis.

2H MACD – The 2H MACD is about to move into the bullish zone, which is a absolute assurance for bulls.

2H RSI – The RSI aloof climbed aloft the 50 level, signaling a move in the abbreviate term.

Intraday Support Level – 28 satoshis

Intraday Resistance Level – 34 satoshis

 

Charts from HitBTC and CEX.IO; hosted by Trading View