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Cryptopolitan 2021-09-17 20:53:51

Dogecoin price analysis: DOGE not ready to move above $0.2600

TL;DR Breakdown Dogecoin price analysis suggests further sideways movement below $0.2600DOGE faces resistance at the $0.2600 markThe closest support level lies at $0.2400. The Dogecoin price analysis shows that despite rising to the $0.2600 mark, DOGE failed to climb above the resistance level due to a lack of bullish momentum. Market volatility has been extremely low for the past few days with DOGE observing little movement beyond the $0.2400 – $0.2600 level.  The broader cryptocurrency market has observed a mixed sentiment over the last 24-hours as major cryptocurrencies are split between bullish and bearish price movements. Major players include AVAX and SHIBrecording a 5.43 and a 4.98 percent incline respectively. Meanwhile HBAR and LUNA record a 7.61 and a 6.58 percent decline respectively.  Dogecoin price analysis: Bulls rejected Technical indicators for DOGE/USDT by Tradingview Across the technical indicators, the MACD is bullish, as expressed by the green histogram. The indicator exhibited a crossover on September 9 and has been bullish since. While the momentum increased in the first 24 hours after the crossover, the resistance at the $0.2500 mark caused the price action to stagnate, and the momentum dwindled. Since then, the bullish momentum has remained very low suggesting low trade activity taking place. The EMAs were moving upwards until recently when they started moving horizontally suggesting a ...

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