Dogecoin (DOGE/USD) Market Experiences a Series of Swing Highs
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Dogecoin Price Prediction – April 17
Buyers in the DOGE/USD trade operations have been able to summon energy against a declining motion around the $0.080 support line as the crypto market experiences a series of swing highs presently. The last several hours of trading have surfaced the high and the low-value lines of $0.0948 and $0.0880 at an average positive percentage rate of 3.75. That is creating a significant bullish signal rise in the valuation of the former trading instrument to uphold in the coming sessions.
DOGE/USD Market
Key Levels:
Resistance levels: $0.10, $0.11, $0.12
Support levels: $0.080, $0.075, $0.070
DOGE/USD – Daily Chart
Today’s DOGE/USD daily chart reveals the crypto market experiences a series of swing highs against its latter-trading instrument from a point close to the buy signal side of the smaller SMA trend line. The 14-day SMA indicator is at $0.0840, maintaining a short curve to the upside over the $0.0815 value point of the 50-day SMA indicator. The Stochastic Oscillators have moved northward to 48.06 and 58.34 from the 20 and 40 areas, respectively. That demonstrates that additional uprising moments can still force through in the subsequent tasks.
Should the DOGE/USD market sellers not wait for confirmation at this point before starting to execute orders?
The trend is bullish-outlook, as the DOGE/USD market operation experiences a series of swing highs after bears failed to drag the trade into previous lower-trading spots. The 14-day SMA’s interception of the 50-day SMA has provided new evidence that we will eventually surpass the $0.080 support level. Also, it can indicate the start of a long-term bullish trading cycle.
On the downside of the technical analysis, the Doge/USD market sellers may aim for a decent shorting entry a bit over the $0.011 level, close to the resistance of $0.12. That will require a lot of patience. Lows will appear against the bullish path, though, if either of today’s trading candlesticks enters a reversal mode and the one developing the next day is unable to soar higher than the top head.
DOGE/BTC Price Analysis
In comparison, Dogecocoin possesses healthier energy than the power of Bitcoin. A series of swing highs has characterized the pairing cryptocurrency pair market’s candlesticks. And that development, the 14-day SMA indicator beneath the 50-day SMA, has made a northward break. The Stochastic Oscillators are in the ranges of 20 and 40, with brief-northward crosses at levels 31.70 and 40.38. The base cryptocurrency is entering a recovery mode relative to its counter-trading cryptocurrency.
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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