• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Binance Sees $218 Million In Outflows Following CFTC Lawsuit
Dogecoin Price Technical Analysis – Continue Buying Dips

Dogecoin Price Technical Analysis – Continue Buying Dips

Aayush Jindal by Aayush Jindal
8 years ago
in Technical analysis
Reading Time: 2 mins read
Advertisement
Advertisement

Key Highlights

  • Our this week’s approach of buying Dogecoin has paid off very well, as the price surged higher every time it corrected lower.
  • Yesterday’s idea of buying dips once again was successful, as after minor correction Dogecoin price climbed to a new high.
  • Buyers managed to clear Intraday high and advanced to set a new weekly high of 87.7 S

Dogecoin was up by around 6% Intraday, as sellers continued to struggle. More gains are possible as long as the bullish trend is intact.

Trend Line Support and Buying Area

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

Dogecoin recent rally is pretty impressive, as the price continued to set a new high daily. It is following a nice pattern like – trade higher, correct and then move back higher. Yesterday’s high was 77.5 Satoshis, which was cleared recently to trade near 87.7 Satoshis where it found resistance and currently correcting lower.

Dogecoin

There is a bullish trend line formed on the hourly chart of Dogecoin, which might act as a hurdle for sellers if prices move further lower from the current levels. At the moment, the price is around the 38.2% Fib retracement level of the last leg from 58.0 Satoshis to 87.7 Satoshis.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

However, there is a critical support forming around the 50% Fib retracement level, as it is coinciding with the highlighted trend line. Moreover, the 100 hourly simple moving average is floating below the 61.8% Fib level and around the Lower Bollinger Band. In short, there are many support areas building on the downside to provide support to Dogecoin.

Intraday Support Level – 72.9 Satoshis

Intraday Resistance Level – 87.7 Satoshis

On the upside, initial resistance is around 80.0 Satoshis, followed by the last swing high of 87.7 Satoshis. A break above 87.7 Satoshis could take prices toward 90.0 Satoshis where sellers might appear.

 

Charts courtesy of Trading View

Tags: Buy DipsDogecoinDogecoin buyers in controldogecoin price technical analysis
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Aayush Jindal

Aayush Jindal

Aayush is a Senior Forex, Cryptocurrencies and Financial Market Strategist with a background in IT and financial markets. He specialises in market strategies and technical analysis, and has spent over a DECADE as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin and Ethereum markets.

Related Posts

XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty

XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty

3 hours ago
Aave

This Price Level Remains Crucial For AAVE As It Surpasses $70

8 hours ago
Cardano ADA

On-Chain Data Suggests Cardano Is Growing Rapidly

9 hours ago
XRP Peter Brandt

XRP Price To $3? Peter Brandt Spots Extremely Rare Pattern

11 hours ago
Polkadot (DOT)

DOT Price (Polkadot) Prediction: Bulls Aim Fresh Surge To $7

20 hours ago
Ethereum Price

Ethereum Price Breaking This Confluence Resistance Could Spark Rally

21 hours ago

Premium Partners

Play Finance

Trending Projects

  • 4 Best Upcoming ICO For 2023

    1 week ago
  • Crypto Investment for Long Term Growth in 2023

    1 week ago
  • 5 Cryptocurrency To Invest In 2023

    1 week ago

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
  • The Future Of The Crypto Industry And One Of Its...

    11 hours ago
  • Don’t Miss TMS Network (TMSN) 100x Growth Train; Algorand...

    14 hours ago
  • Riding The 2023 Bull: How Bitcoin, Ethereum, And SignUp...

    15 hours ago
  • Three Unique Top Presales To Buy in 2023: RobotEra...

    15 hours ago
  • Meta Masters Guild On Track to Become Web3’s Largest...

    16 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.