Dogecoin Price Technical Analysis – Trend Continuation

Key Highlights

  • Dogecoin price struggling to gain pace, but there is a chance of it trading higher in the near term.
  • There is a bullish trend line formed on the hourly chart, acting as a support for buyers.
  • Buyers need to clear 60.0 Satoshis for more gains moving ahead.

Dogecoin price struggling to hold the ground, but if buyers gain control, an upside move is likely.

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Trend Line Support

We highlighted recently that there was an upside break above 60.0 Satoshis, which represents a major pivot. However, the price dived one more time to close below the mentioned pivot area. The price also struggled to close above the 100 hourly simple moving average, and currently trading around it. However, there is a bullish trend line formed on the hourly chart, which managed to protect losses on more than three occasions. So, we need to see whether buyers can take the advantage of the same or not.

Dogecoin Price

If the price moves higher from the current levels, then as mentioned earlier, the most important resistance is around 60. Satoshis. If there is a

Read more ... source: TheBitcoinNews