Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Turkish TR
Connect with us

Hi, what are you looking for?

Cryptocurrency

Doge – Daily Tech Analysis

Dogecoin

Dogecoin slid by 8.50% on Sunday. Partially reversing a 28.08% breakout from Saturday, Dogecoin ended the week up by 17.46% to $0.2400.

A bullish the start to the day saw Dogecoin rally to an early morning intraday high $0.2840 before hitting reverse.

Coming up against the first major resistance level at $0.2824, Dogecoin slid to a late intraday low $0.2349.

Steering clear of the first major support level at $0.2229, however, Dogecoin returned to $0.245 levels before easing back.

At the time of writing, Dogecoin was down by 1.36% to $0.2367. A mixed start to the day saw Dogecoin rise to an early morning high $0.2426 before falling to a low $0.2352.

Dogecoin left the major support and resistance levels untested early on.

Dogecoin would need to move through the $0.2530 pivot to bring the first major resistance level at $0.2710 into play.

Support from the broader market would be needed, however, for Dogecoin to break out from $0.25 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.2840 would likely cap any upside.

In the event of another breakout, Dogecoin could test resistance at the 23.6% FIB of $0.3016 and the second major resistance level at $0.3021.

Failure to move through the $0.2530 pivot would bring the first major support level at $0.2219 into play.

Barring another extended sell-off, however, Dogecoin should steer well clear of sub-$0.20 levels. The second major support level sits at $0.2039.

fx empire

Featured

Crypto Mining

New York became the first state to impose a temporary moratorium on new cryptocurrency mining permits at fossil fuel plants, in an effort to...

Dogecoin

The FTX implosion continues to wreak havoc in the crypto market leaving most market participants worried about the safety of their investments. When a...

Altcoin

Bulls may exert more pressure in Fantom Market In case sellers gather enough pressure to break down the support level of $18, then, the...

Ripple

Ripple price action has commenced picking up moderate profits above $0.3800. Also, going by market performance if the bulls continue to retain control of...