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Dogecoin Price Analysis | A Look At Dogecoin Price Into The Weekend |
In this video, we take a closer look at the current state of Dogecoin's price, which has been trading in an uptrend pattern. However, there are signs that a retracement may be on the horizon, as each crypto is printing a reversal candlestick on Friday.
On Thursday, Dogecoin confirmed a new uptrend by printing a higher high, and its most recent higher low was formed on Wednesday at 8 cents, negating its previous downtrend. But on Friday, it looks like the crypto is printing a doji candlestick, which could indicate that the next higher high has occurred and that a lower trade could be expected on Saturday.
Bullish traders will want to see Dogecoin print a bullish reversal candlestick above the 200-day simple moving average, in case it falls below it, the uptrend will be negated and a longer-term downtrend could be on the horizon.
The video will also highlight the resistance and support levels for Dogecoin, which currently stand at $0.091 and $0.099, respectively, with support levels below at $0.083 and $0.075. Join us for an in-depth analysis of Dogecoin's price movement and what it could mean for the weekend ahead.
Dogecoin Price Analysis | A Look At Dogecoin Price Into The Weekend |
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Dogecoin Price Analysis Today
A Look At Dogecoin Price Into The Weekend
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