Dogecoin (DOGE/USD) Price Loses a Catalyst After Hitting $0.085
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Dogecoin Price Prediction – April 3
Following a breakout around the %0.080 resistance about three days back, the DOGE/USD market’s price loses the catalyst after hitting the $0.085 barrier line, giving in a prevailing-decline motion to trade around the $0.0775 zone. As of the time of this analytical thought, the crypto economy is at a 2.27 percent negative. The trending direction is predominantly bearish.
DOGE/USD Market
Key Levels:
Resistance levels: $0.080, $0.085, $0.090
Support levels: $0.070, $0.065, $0.060
DOGE/USD – Daily Chart
Today’s DOGE/USD daily chart reveals the crypto-economic price loses catalyst after hitting the $0.085 resistance trading axis over the trend lines of the SMAs. The 14-day SMA trend line is at $0.0761, underneath the $0.0792 value point of the 50-day SMA trend line. The Stochastic Oscillators have crossed their lines southbound to 81.79 and 71.44 levels from around the overbought region. And they are pointing to the downside to indicate that a falling move is ongoing.
Has the velocity degree to the upside been exhausted in the DOGE/USD market as the price has hit $0.085?
In line with what is obtainable in the DOGE/USD market operations, the uprising force has been satisfied after hitting the $0.085 resistance line. Therefore, long-position takers will have to wait for another chance when the declining move from being active, coupled with a re-occurrence of a bullish-trading candlestick capable of building a formidable baseline before re-exerting buying orders afterward.
The DOGE/USD market bears may ride alongside the declining motion, provided it doesn’t rebound in an attempt to push against the area of resistance at $0.085 in the near time. The level outcome of the Stochastic Oscillators at lower spots will play a crucial role in the determination of when the pressure to the southside will cease from emanating. Expectantly, the market’s journey to a lower point may not revisit lows around $0.060 even in the long run.
DOGE/BTC Price Analysis
In comparison, Dogecocoin has continued to be under a bearish-trading setting, pairing with Bitcoin over a long time. The pairing crypto-economic price loses a catalyst after hitting a resistance point around the smaller SMA trend line. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are in the overbought region, keeping the red line at 93.55 and the blue line at 89.12, indexing that a fall-off is in sight.
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.
You can purchase Lucky Block here. Buy LBLOCK
