- Dogecoin price traded a few points higher and currently trading near a major resistance area on the 30-min chart (data feed from HitBTC).
- There is a hint of a break above a bearish trend line on the 30-min chart, which can take the price higher.
- Looking at the hourly chart (data feed from CEX.IO), there lies a major confluence resistance zone at 31.0-32.0 Satoshis.
Dogecoin price is still below a pivot area of 31.0-32.0 Satoshis, but looking at the 30-min chart there is a chance of a minor upside move.
Can Buyers Capitalize?
We have been following a major resistance area at 31.0-32.0 Satoshis for some time now, and still there was no break above it. However, there are a few positive signs emerging if we looks at the lower time frame charts. There is a bearish trend line formed on the 30-min chart (data feed from HitBTC), which is almost cleared by buyers. A successful close above the highlighted trend line and resistance area could take the price higher.
One bearish sign is the fact that the RSI is diverging and not following