Dogecoin (DOGE/USD) Price Positions Hold at $0.080
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Dogecoin Price Prediction – December 19
It appears that downward-trend forces have given birth to correction between the DOGE/USD market buyers and sellers getting a reduction as the crypto’s price positions are around the $0.080 trading zone. The market has pushed to a low-value line of $0.0762 at an average of 2.55 percent negative after ups and downs.
DOGE/USD Market
Key Levels:
Resistance levels: $0.10, $0.11, $0.12
Support levels: $0.070, $0.060, $0.050
DOGE/USD – Daily Chart
The DOGE/USD daily chart showcases the crypto’s price positions are around the $0.080 trading level marked by an upper range line, showing the previous sideways of the trade. The 14-day SMA indicator positions at $0.0891 above the $0.0842 of the 50-day SMA indicator. The Stochastic Oscillators have reached zero level after crossing over the oversold area. They are currently attempting to cross their lines in a northerly direction at levels 9.85 and 13.62.
How much lower may the DOGE/USD market fall before it reaches the $0.080 level?
The DOGE/USD market could drop further at range-bound areas if bears have to consolidate their position against the likelihood of bulls staging a comeback around the $0.080 level. as price positions hold around the value line in question. Longing orders will have to execute with the help of active price actions attempting to resume in no time. Investors may think about joining or adding more positions to their current financial numbers portfolios for the time being.
On the negative side of the technical analysis, it has been by the reading stances of the Stochastic Oscillators that the DOGE/USD market bears’ force to the downside is giving out in strength gradually to a possible upward that can skyrocket in no time. By expanding to the lower range zone of $0.060, it may not be possible to sustain further lower lows. As a result, sellers should use caution while making new selling entries at this time.
DOGE/BTC Price Analysis
When comparing the ability of Dogecoin to trend with Bitcoin, numerous corrective actions have taken place between the two cryptocurrencies.to indicate the former price positions hold around the trend lines of the SMAs. The 14-day SMA indicator is above the 50-day SMA indicator. The Stochastic Oscillators have dipped into the oversold region, trying to cross northbound at 9.21 and 12.92 levels. In about two days or thereabout, a bullish candlestick formed around the trend line of the bigger SMA to signify the base crypto may experience a pause in its debasement motion against the counter-trading 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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