Dogecoin (DOGE/USD) Market Experiences a Pit Stop Condition at $0.09
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Dogecoin Price Prediction – February 20
In the wake of trying to achieve some northward forces in the DOGE/USD trade operations, the crypto-economic market currently experiences a pit stop condition around the $0.090 line. The bargaining situation shows a minute positive percentage rate of 0.92 as the price features between $0.0889 and $0.0853 value lines. There is a less-active movement favoring the buying side, now may not be the best time to ride alongside.
DOGE/USD Market
Key Levels:
Resistance levels: $0.10, $0.11, $0.12
Support levels: $0.075, $0.070, $0.065
DOGE/USD – Daily Chart
The DOGE/USD daily chart showcases the crypto-economic market experiencing a pit stop condition around $0.09 as the price tries to exhibit more strength over a declining movement around the trending path of the smaller SMA. The 50-day SMA indicator is at $0.0840 beneath the $0.0865 value line of the 50-day SMA indicator. The Stochastic Oscillators have swerved northbound from the oversold region to 60.79 and 69.51 levels. Buyers may hold positions running as long as there is no tangible resurface of a bearish candlestick in the near time.
Will the DOGE/USD market operations soon see more consistent upward movements?
The DOGE/USD market operations still possess a positive trading sign even though it is unethical to ride on the journey as the crypto-economic market experiences a pit stop condition around the $0.090 resistance line. Bulls are about to push concurrently toward a resistance level below $0.10. If the red line crosses the blue line of the Stochastic Oscillators to the downside will indicate a near-term possibility of bulls’ negation.
On the downside of the DOGE/USD technical analysis, bears may, at this point, wait for the emergence of a long bearish trading candlestick to serve as a walling path against the trend line of the 14-day SMA indicator. Short-position traders may use a strategic approach by executing a sell limit order entry around. We recommend that sellers exercise caution until the Stochastic Oscillators indicate an overbought reading.
DOGE/BTC Price Analysis
In comparison, Dogecocoin has remained at a lowering zone against Bitcoin as the pairing crypto market experiences a pit stop below the SMA trend lines. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region. And they are trying to cross northbound at the 8.14 and 12.32 levels. In the meantime, the former crypto is on the threshold of redesigning a baseline before running back into securing swing highs, possibly in the near time.
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
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