THELOGICALINDIAN - Dogecoin Price Key Highlights
Dogecoin amount backward aloft 50.0 Satoshis, but there was no breach aloft the trend band and attrition area.
There was no breach in the Dogecoin price, as it connected to barter central the two accent trend curve as mentioned in yesterday’s post. The amount backward aloft the support breadth of 50.0 Satoshis, which holds the key in the abreast term. We declared bygone that there is a acute barrier basic about 53.0-54.0 Satoshis. There are abounding things accumbent about the declared level. There is a bearish trend band formed on the alternate chart, which is blockage assets in the abbreviate term. Furthermore, the 38.2% Fib retracement akin of the aftermost bead from 58.3 Satoshis to 50.1 Satoshis is additionally about the trend band acting as a attrition for the price.
We charge to see how continued the amount can breach beneath the trend band and attrition area. A breach aloft the aforementioned ability alarm for added upsides may be appear the 50% Fib level. There is still no acceptable breach aloft the 100 alternate simple affective average, which is a annoying assurance in the abreast term.
On the downside, there is a bullish trend band formed on the alternate chart. It is ancillary with 50.0 Satoshis, which is a above abutment and holds a lot of accent in the abreast term.
Intraday Support Level – 51.0 Satoshis
Intraday Resistance Level – 53.0 Satoshis
The alternate RSI is still aloft the 50 level, which ability advice buyers.
Charts address of Trading View
