Lokesh Gupta
14-05-2024
#Dogecoin price has surged by over 10% since the start of trading, indicating a fresh bullish trend.
Despite crypto market volatility, Dogecoin's price has stayed stable at $0.128 to $0.155, indicating low investor interest.
The 50-day EMA acts as price resistance, indicating uncertainty in future movements.
Bulls are struggling to break above a descending trend line, indicating a lack of strong buying momentum.
There's a possibility of another price rejection, keeping the price range-bound for the time being.
Breaking the trend line could encounter resistance at $0.16. However, surpassing this level could establish a fresh yearly high.
According to Coingabbar Price Analysis, If bulls can't break the trend line, Dogecoin might drop to $0.12 support, with potential further decline to $0.09.
KEY LEVELS :
RESISTANCE LEVEL : $0.17000-$0.20000
SUPPORT LEVEL : $0.13000-$0.10000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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