Dogecoin (DOGE/USD) Price Makes a Step Up, Trading Above $0.09
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Dogecoin Price Prediction – December 25
It has been gradually demonstrating that most of the price actions that have been taking place in the operations of the Dogecoin versus the valuation of the US coin tend not to breach southward past the lower Bollinger Band’s value, as the crypto trade makes a step up, trading above $0.09.
Aiming for a high point near the upper Bollinger Band trend line, the next formation type could occur if today’s candlestick keeps finishing positive. The stochastic oscillators have been swerving in the oversold region, confirming that buyers are rebuilding their footsteps to rebound.
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
The DOGE/USD daily reveals the crypto-economic price makes a step up, trading above $0.09 with a positive signal.
Aiming for a high point near the upper Bollinger Band trend line, the next formation type could occur if today’s candlestick keeps finishing positive. The oversold area has been indicated by the stochastic oscillators, indicating that purchasers are retracing their steps in anticipation of a rebound.
What trade scenario can counteract the current positive signal in DOGE/USD market activity?
If a pull-up moving force is made to hit a resistance around the middle Bollinger Band coupling with a reversal, it may in the process cause a move to break alongside the lower Bollinger Band, given that the DOGE/USD market makes a step up, trading above $0.09 at a low pace.
The impulsive velocity to the downside has been exhibited over the course of multiple sessions, with the apparent outcome being a lack of sustained movement away from the $0.090 mark. As a result, investors can try to start building positions from this point on. More emphasis on lower lows below the line will equate to a window of opportunity for dip-buying orders to be reinstated.
Based on the current trade zone that the market is showing, sellers are probably not going to find themselves in a position to predict consistent lows in the cryptocurrency market. If it is still around $0.10, there will even be a featured price around the upper Bollinger Band. However, be prepared if resistance is encountered by the market near the $0.11 mark.
DOGE/BTC Price Analysis
In contrast, the Dogecoin market makes a step up, trading above the lower Bollinger Band.
The southern positioning of the Bollinger Band trend lines serves as a foundation for indicating the base cryptocurrency business in relation to the cryptocurrency that is being counter-traded. The stochastic oscillators are still circling the oversold area, giving cautionary signals about a potential additional decline in the DOGE’s value.
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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