Dogecoin (DOGE) Under Pressure—Bearish Setup Could Trigger Sell-Off
Dogecoin started a fresh decline from the $0.1680 zone against the US Dollar. DOGE is consolidating and might extend losses below the $0.150 support. DOGE price started a fresh decline below the $0.1620 and $0.1580 levels. The price is trading below the $0.1600 level and the 100-hourly simple moving average. There is a short-term rising channel or a bearish flag forming with support at $0.1540 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it breaks the $0.1520 support zone. Dogecoin Price Turns Red Dogecoin price started a fresh....
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Crypto analyst Tripy has highlighted a double-top Adam and Eve pattern that could send the Dogecoin price as low as $0.16. Meanwhile, crypto XAU has also highlighted a bearish setup that could spark a further decline to $0.15. Dogecoin Price Risks Drop To $0.16 With Double Top Adam And Eve Pattern In a TradingView post, Tripy revealed that a classic Adam and Eve pattern has formed for the Dogecoin price. The analyst warned that market participants may see volatility around the breakdown, but that the pattern rarely fails. His accompanying chart showed that DOGE could suffer a decline to....
The Dogecoin (DOGE) price has been in a prolonged downtrend for months, basically mirroring Bitcoin’s decline and showing no signs of a sustained recovery or uptrend. However, a crypto analyst has suggested that this might change soon. The analyst has identified a critical sell wall on the Dogecoin chart that, if broken, could trigger a […]
Dogecoin has lost crucial support levels leading to a price correction. Even though DOGE has seen bearish movements in the past few days due to a general crypto market downswing, the dog-themed meme coin could shift toward a bullish territory in the short term. Upside Momentum Building For Dogecoin In light of bearish performances, Trader […]
Dogecoin started a fresh decline below the $0.1320 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1350. DOGE price started a fresh decline below the $0.1320 level. The price is trading below the $0.1300 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1340 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1340 and $0.1350. Dogecoin Price Dips Again Dogecoin price started a fresh decline after it closed below....
Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows on a weekly, monthly and even yearly basis if some support does not come quickly to lift the sluggish coin. As of this writing, DOGE is trading at $0.0653, down 4.5% in the last seven days, data from Coingecko show, Sunday. Tesla CEO Elon Musk has always been an avid Dogecoin supporter. His fame and standing on the worldwide markets have enabled him to significantly influence the price and appeal of DOGE. Suggested Reading | Cardano (ADA) Looks To....