Dogecoin Weekly Analysis - Slow and Steady Uptrend
Key Highlights. Dogecoin managed to climb slowly above 50 Satoshis, but upsides were limited as it settled around 51.6. 100 simple moving average is a major support on the downside, and might prevent losses in the near term. The hourly chart of Dogecoin suggests that it is in an uptrend and might continue to trade higher if buyers manage to clear 51.6 Satoshis. There was a major resistance around 50.0, as highlighted in one of the recent technical analyses. Buyers managed to clear the mentioned resistance area, but the move higher was not convincing. There was a consolidation pattern....
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