Dogecoin (DOGE/USD) Price Is Making Efforts to Garner Support at $0.60
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Dogecoin Price Prediction – September 26
The recent declining motion in the DOGE/USD market operations has led the crypto’s price into making efforts to garner support around the $0.60 lower-trading line. Over a couple of hours into today’s session, the market has witnessed its ups and downs between $0.0620 and $0.0597 at a minute -0.82%.
DOGE/USD Market
Key Levels:
Resistance levels: $0.065, $0.075, $0.85
Support levels: $0.050, $0.045, $0.040
DOGE/USD – Daily Chart
The DOGE/USD daily chart showcases the crypto-economic price is making efforts to garner support around the $0.060 level. The 14-day SMA indicator is at $0.0619, below the $0.0703 point of the 50-day SMA indicator. On the 24th day, the trade surged higher to approach the resistance value of the bigger SMA trend line before reverting to a correction shortly. The Stochastic Oscillators are at 80.98 and 71.98 range points, slightly crossing southbound around the 80 range.
Will the DOGE/USD trade still build support at the $0.060 line for a long?
The current situation portends the DOGE/USD trade may still prolong, featuring around the $0.060 trading level as the crypto’s price is making efforts to garner support around the line over time. Buyers may hold on for a while before pulling up muscles to push back northwardly from the present trading zone. It would be technically ideal to obtain the reading momentum of lower ranges by the Stochastic Oscillators before getting a possible decent buying entry afterward.
The downside of the DOGE/USD market technical analysis, the reversal motion that took place during the 24th trading day, has been producing negativities in the valuation increment of the crypto economy around the trend line of the 14-day SMA for quite a while. If sellers exert forces firmly around the smaller SMA, the price may push in the run to the support level at $0.050. But, the presumed declining process will pave the way for investors to buy more from the dips.
DOGE/BTC Price Analysis
Dogecoin may still hold positions against the trending force of Bitcoin around a high-trading zone. The cryptocurrency pair price may make efforts to garner support around the normal trading zone it has been featuring for some above the horizontal line drawn. The 14-day SMA indicator has conjoined with the 50-day SMA indicator above the long line drawn. The Stochastic Oscillators have crossed southbound to 90.04 and 79.64 range points. That signifies the counter crypto will prevail over the base crypto’s trending for a while in the subsequent operations if the SMAs breach the downside.
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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