- Dogecoin price managed to trade higher and broke a major resistance area on the 30-min chart (data feed from HitBTC) as highlighted in yesterday’s post.
- However, the price still below a major confluence resistance at 31.0-32.0 Satoshis, which holds the key in the near term.
- The price is now above the 100 hourly simple moving average on the 30-min chart, suggesting there is a chance of an upside move.
Dogecoin price climbed higher and showing a lot of bullish signs on the 30-min chart. It looks like buyers took the first step right and may take the price higher.
31.0-32.0 Satoshis Importance
In the yesterday’s post I highlighted a bearish trend line formed on the 30-min chart (data feed from HitBTC), and mentioned that there is a chance that buyers can break it. The price did move higher, and closed above the highlighted trend line and resistance area. Moreover, the best part was the fact that the price is now above the 100 hourly simple moving average on the 30-min chart, which is acting as a support.