Dogecoin Price Key Highlights
- Dogecoin price continued to trade inside a contracting triangle pattern formed on the hourly chart, as highlighted in yesterday’s analysis.
- The last low of 52.5-6 acted as a hurdle for sellers one more time and prevented losses.
Dogecoin price might spike higher in the near term, as sellers failed many times to take it below 52.5 Satoshis.
The Dogecoin price traded a touch lower once more, but found support near the last swing low of 52.5 Satoshis that acted as a barrier for sellers. The contracting triangle pattern formed on the hourly chart continued to act as a catalyst as the price moved inside it and failed to break it. However, it looks like buyers are struggling to hold the ground as sellers made a couple of attempts to clear the triangle support area. On the other hand, we cannot deny that there are