Dogecoin (DOGE/USD) Market Operation Hovers at $0.080
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Dogecoin Price Prediction – December 26
The degree of price reactions emanating from the buying and selling of the DOGE/USD trade has turned into a situation, appearing that the crypto market operation is hovering around the $0.080 line. Over a couple of hours into today’s session, the price has been between the high and the low trading value lines of $0.0766 and $0.0750 at an average percentage rate of 0.66 negative.
DOGE/USD Market
Key Levels:
Resistance levels: $0.09, $0.10, $0.11
Support levels: $0.065, $0.060, $0.055
DOGE/USD – Daily Chart
The daily analytics chart showcases the DOGE/USD market operation has been hovering around the $0.080 level in the upper range zone. The two SMAs are closely above the value line as the 14-day SMA indicator maintains a point at $0.0836, tightly over the $0.0830 of the 50-day SMA indicator. The Stochastic Oscillators have managed to swerve northbound from the oversold region. But they are now trying to attempt closing at 50.85 and 48.90 levels to suggest that a dropping moment is on course.
Will the DOGE/USD market operation resume a sustainable declining trend soon?
As it has been over that the DOGE/USD market operation hovers around the $0.080 level, an active motion possibly produced by bulls or bears will, in the process, signal a definite direction that the crypto economy will go afterward. In place of that assumption, traders need to be patient until that plays out as envisaged before placing an order. Buyers may only maintain a position opened no more than seven days ago in the interim.
On the negative side of the technical analysis, the current trading pace outlook appears, getting a reset of another round to witnessing a chain of declines, especially around or closely below the values of the SMAs. A sudden breakout of those points will potentially produce rallies in the subsequent periods. If that sentiment materialize is negated, sellers may prevail pushes toward the lower range point at $0.060 in the long run on a gradual-moving mode.
DOGE/BTC Price Analysis
Dogecoin, compared to Bitcoin, has succumbed to a correction move to a large extent in featuring tinier-lower highs below the bigger SMA trend line. Variant candlesticks have formed closely below the bigger SMA. The 14-day SMA indicator is above the 50-day SMA indicator. The Stochastic Oscillators have slantingly moved northbound from the oversold region to 50.37 and 57.34 levels to indicate the counter crypto is less-active in its pushing weight against the base crypto.
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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