Dogecoin (DOGE/USD) Price Has Been Holding at $0.060
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Dogecoin Price Prediction – October 24
Pushes to the upside are seemingly losing stands beneath a resistance line as the DOGE/USD price has been long-holding around the $0.060 point. The crypto economy is at $0.0593 within the high and the low of $0.0609 and $0.0587 at an average percentage rate of -1.66.
DOGE/USD Market
Key Levels:
Resistance levels: $0.065, $0.070, $0.75
Support levels: $0.055, $0.05, $0.045
DOGE/USD – Daily Chart
The daily chart showcases the DOGE/USD market price has been long-holding at the $0.060 trading line. The 14-day SMA indicator is at a $0.0603 value line underneath the $0.0660 point of the 50-day SMA indicator. The horizontal line drew around the $0.0555 support level. The Stochastic Oscillators have crossed northbound from the oversold region to the range values of 61.89 and 68.55. And they are seemingly trying to close their lines around those figures.
What course will the DOGE/USD market take from where it is now?
The DOGE/USD market might not be able to see more sustainable upward moves from where it is trading as the crypto’s price has been holding around the $0.060 level. The Stochastic Oscillators, trying to close their lines, portend a warning against getting a reliable buying order around the value line mentioned. Based on that sentiment, buyers would have to wait for some pull-downs to surface purposely to allow the market to reshape around the $0.055 point before giving second longing thoughts afterward.
On the downside of the DOGE/USD market technical analysis, the bearish trend line drawn is to give a backing resistance to the 14-day SMA. Sellers need to be strategically driven in their approach as even though a bearish candlestick is in the making to indicate a selling force is relatively occurring as of the time of writing. If bears fail to hold firmly against their current trading spot, it may be a bit running weak to allow the price to retest resistance around the bigger SMA’s value before resuming a declining trend.
DOGE/BTC Price Analysis
Dogecoin appears to be forming a light-declining pathway around the SMA trend lines against the trending capability of Bitcoin. The pairing crypto trade has been long-holding around the bearish trend line drawn above the horizontal line, which is drawn below them. The Stochastic Oscillators have managed to swerve their moves northbound from the oversold region. And they have slightly crossed their lines against the upward motion at the range values of 48.85 and 42.28. That signals that the counter crypto is somewhat posing a depressive weight on the base crypto.
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