The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us

bonafides

  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us

bonafides

The Market Periodical

bonafides

Home News

Dogecoin Price Heading Higher, Supported by Major DMA lines

Pratik Chadhokar by Pratik Chadhokar
September 6, 2021
in News
0
Dogecoin
206
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter
  • The dogecoin price over the monthly chart is trying to move higher while finding good support for its critical moving averages. 
  • The digital asset is trading above the major moving averages of 20, 50, 100, and 200-day lines, acting as support lines.
  • The pair of DOGE/BTC is trading on a bullish note at 0.000006015 BTC with an intraday gain of +0.32%, and the ratio of DOGE/ETH is CMP at 0.00007947 ETH ETH with a 24-hours change of +0.51%.
tradingview

Dogecoin price at the monthly chart is trading on higher zone and trying to build a bullish chart setup. At the same time, the crypto asset is gradually heading towards the higher levels and trying to develop the rounding bottom pattern. Volume at the monthly chart is lower and falls below the average line, which needs to improve in upcoming sessions.

The coin finds good support of its vital moving averages, whereas 20 and 50-DMA lines act as good support lines. Likewise, the primary support is given by 100 and 200-DMA lines. If DOGE sustains above its 20 and 50-DMA lines, supportive volume action will further create positive price action. Support on the lower side is at $0.2650 and $0.2290, whereas resistance on the higher side is $0.3525 and $0.3820.

Related articles

IOTA Price Analysis

IOTA Price Analysis: MIOTA Made 4 Consecutive Red Candles on Weekly Chart, Know the Recovery Plan

May 26, 2022
Theta Network Price Analysis

Theta Network Price Analysis: Will THETA Sustain above $1.00 Psychological Level or it gets Dumped?

May 26, 2022

Dogecoin price is building a rounding bottom pattern

tradingview

Dogecoin price over the weekly chart is building a rounding bottom pattern, while the price is slowly heading towards higher levels. In contrast, the technical parameters also favor bulls but need strong volume activity to boost another lap of bullish momentum. Volume at the 4-hour time frame is significantly lower and needs to grow in upcoming trading sessions. Presently, the Dogecoin token is trading at $0.3111 with an intraday gain of +3.94%, and the volume to market cap ratio is at 0.0588.

Relative Strength Index (BULLISH): Dogecoin price RSI presently indicates bullish momentum over the weekly chart. In contrast, the token is reached near the overbought zone and CMP at 63.    

Moving Average Convergence Divergence (BULLISH): The daily chart indicates a bullish trend, after a long mixed trend now given positive crossover. The buyer’s line (blue) overpowers the seller’s signal line (orange). 

Support levels: $0.2650 and $0.2290 

Resistance levels: $0.3525 and $0.3820.

Share82Tweet52
Pratik Chadhokar

Pratik Chadhokar

Pratik Chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and possesses strong technical analytical skills. He is well known for his entertaining and informative analysis of the Financial markets.

Related Posts

IOTA Price Analysis

IOTA Price Analysis: MIOTA Made 4 Consecutive Red Candles on Weekly Chart, Know the Recovery Plan

by Antonio K Smith
May 26, 2022
0

IOTA price has lost 47% of its market cap in a month. MIOTA is going through a rigorous selling pressure...

Theta Network Price Analysis

Theta Network Price Analysis: Will THETA Sustain above $1.00 Psychological Level or it gets Dumped?

by Antonio K Smith
May 26, 2022
0

Theta Network Price is trading below a descending trendline over the daily chart.The crypto asset fell below 20, 50, 100,...

Near protocol price analysis

Near protocol price analysis: NEAR is near its 90-days low, could there be a recovery here?

by Antonio K Smith
May 26, 2022
0

Near Protocol has reclaimed its annual low of 2022 in a single intraday trading session.The RSI indicator continues to consolidate...

APECoin Price Analysis

APECoin Price Analysis: Market cap slips below $2 billion, is it a Right to exit?

by Nancy J. Allen
May 26, 2022
0

APECoin appears to be in a sideways trend as it is heading towards a monthly low of $5.17.In terms of...

Filecoin price analysis

Filecoin Price Analysis: FIL Slips almost 10%, all-time Lowest level is the next stop for the Bears?

by Ritika Sharma
May 26, 2022
0

Filecoin is seeing a sideways trend, after registering a terrible decline in the month of April.The fully diluted market cap...

Load More
  • Trending
  • Comments
  • Latest
charged-particle-backdrop

Charged Particles Helps in Making the Future of Nextgen NFTs

May 13, 2021
Powerledger

Powerledger is revolutionizing the world of energy

January 31, 2022
ETH

Ethereum Analysis: Ethereum Hits A New All-Time High of $1467; ETH On Longspan Bull Rally?

January 28, 2021
Tron Price Analysis: The Tron Voin Showcased an Attempt To Break Out From The $0.083 Mark

TRON (TRX) Analysis: Is TRON going to continue its Bullish Rally?

October 30, 2021
IOTA Price Analysis

IOTA Price Analysis: MIOTA Made 4 Consecutive Red Candles on Weekly Chart, Know the Recovery Plan

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
IOTA Price Analysis

IOTA Price Analysis: MIOTA Made 4 Consecutive Red Candles on Weekly Chart, Know the Recovery Plan

May 26, 2022
Theta Network Price Analysis

Theta Network Price Analysis: Will THETA Sustain above $1.00 Psychological Level or it gets Dumped?

May 26, 2022
Near protocol price analysis

Near protocol price analysis: NEAR is near its 90-days low, could there be a recovery here?

May 26, 2022
APECoin Price Analysis

APECoin Price Analysis: Market cap slips below $2 billion, is it a Right to exit?

May 26, 2022
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?