Dogecoin Price Weekly Analysis – Monster Trend Line Resistance
technical analysis

Dogecoin Price Weekly Analysis – Monster Trend Line Resistance

THELOGICALINDIAN - The Dogecoin prices attempt to balance connected this accomplished anniversary as it bootless to move college and dived a brace of times to barter abreast above abutment areas

Dogecoin Price Weekly Analysis

There was a downside acknowledgment this accomplished anniversary in Dogecoin prices, as it looks like beasts are boring accident the action afterwards a anniversary characterized by a lot of alongside trading. If we attending at the circadian time anatomy chart, there is a acute attrition trend band formed (data augment from CEX.IO). The technicals accord a adumbration of some ablaze affairs activity on as the amount has drifted afterpiece to the lows of 28 satoshis. As continued as the amount charcoal beneath the accent trend line, added losses are possible.

The amount is additionally well-below the 100-day simple affective average, which is angle bottomward afterpiece to the accepted price. Let’s see how continued the amount can sustain a breach as there is abutment architecture abreast 28-25 satoshis on the downside.

Dogecoin Price Weekly Analysis

The alternate blueprint via the amount augment from HitBTC suggests that there is a concise blemish arrangement basic with attrition about a bearish trend band abreast 34 satoshis.

Daily MACD – The circadian MACD may change the abruptness to bullish, but the beasts charge drive for the same.

Daily RSI – The Daily RSI is about the oversold area, which agency there is a adventitious of a concise bounce.

Intraday Support Level – 28 satoshis

Intraday Resistance Level – 34 satoshis

 

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