Dogecoin (DOGE/USD) Market Builds a Base at $0.060
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Dogecoin Price Prediction – October 17
It shows that the DOGE/USD market built a base at $0.060 about a week back. The gravitation in the crypto operations has reduced to an optimum capacity low as the price trades around the $0.0590 value line at a minute percent of 0.34 positive.
DOGE/USD Market
Key Levels:
Resistance levels: $0.065, $0.070, $0.75
Support levels: $0.050, $0.045, $0.040
DOGE/USD – Daily Chart
The daily chart reveals the DOGE/USD market operation establishes a base at the $0.060 level around the horizontal line drawn. The 14-day SMA indicator is at $0.0608, underneath the $0.0670 value line of the 50-day SMA. The Stochastic Oscillators have dipped into the oversold region, striving to swing northbound at 3.03 and 5.53 range values to indicate the possibility of bulls retraining their stances in the crypto business economy.
Will the DOGE/USD market recover to its previous high trading levels soon?
Indications suggest the possibility of the DOGE/USD market rallying back to most of the previous high-trading zones as the crypto market builds a base at $0.060. The crypto trade may continue to hover around the value line in preparation to grab and re-grab better stances before skyrocketing afterward. It is a time to invest at the moment. As of the time of writing, the Stochastic Oscillators signify low-active moves to the downside.
On the downside of the DOGE/USD market technical analysis, lesser forces have to serve as a warning signal against a smooth selling motion around the horizontal line drawn. In light of that assumption, it is technically ideal to stop launching new shorting order positions. The logical resistance trading point of this market remains at $0.070. A successful and sustainable breach to the upside will endanger the probability of getting a reset for selling set-up around the line afterward.
DOGE/BTC Price Analysis
Dogecoin has trended to a lower-trading spot, pairing with Bitcoin closely below the trend lines of the SMAs in the range-bound zones. The cryptocurrency pair trade builds a base at a lower strategic point. The 13-day SMA trend line has slightly bent southward alongside the 50-day SMA trend line. The Stochastic Oscillators are in the oversold region, trying to cross back northbound at 6.43 and 10.16 range values.
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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