Dogecoin Price Weekly Analysis – No Real Move

Dogecoin Price Key Highlights

  • Dogecoin price continued to consolidate and setting up for a huge move in the near term.
  • 0-64.0 Satoshis is a key support area, which is a monster pivot zone for both buyers and sellers moving ahead

Dogecoin price consolidating in a tiny range for this long is a warning sign, and could ignite a solid move ahead.  

The Dogecoin price does this often as it trades in a small range for some time and then trades or we can say spikes in one direction to surprise traders. This past week the price traded in a tiny range, but there was still no break. We were waiting for a break, as the consolidation phase was extended. Let us see how long the price could trade in a range. The most surprising part is that the 100 hourly simple moving average is not acting as a catalyst for the price action. The mentioned MA is moving along the range, and not helping either buyers or sellers.

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On the downside, a crucial support area is around 64.0 Satoshis Satoshis,

Read more ... source: TheBitcoinNews