Dogecoin Price Technical Analysis – Increase in Volatility

Key Highlights

  • Dogecoin price continues to trade in a tiny range, but there is an increase in volatility noticed, which might result in a break moving ahead.
  • A minor low below 62.0 Satoshis support area was created, but sellers failed to take the price below 60 Satoshis.
  • 0 Satoshis on the upside remains a major barrier for buyers in the near term.

Dogecoin price is showing signs of the increase in volatility, which might result in a break in the near future.

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What’s next?

There has been continuous range trading this past week, and it turned out to be frustrating for investors, as there was no real movement for trading. However, as the price was trading in a range, there was a minor downside reaction noted below a critical support at 62.0 Satoshis. However, the next barrier at 60.0 Satoshis stalled the downside and pushed the price back higher. The Bollinger Bands also expanded and pointing towards the increase in volatility in the short term.

Dogecoin Price

We need to see how the price behaves

Read more ... source: TheBitcoinNews