Dogecoin Price Prediction – August 14
Over the past couple of days, bulls in the DOGE/USD market activities have been trading below the line of $0.080 as the exchange situation reports that the crypto-economic price is bottoming on the 14-day SMA, showing higher lows.
When viewed from a technical standpoint for closure, retracement processes may eventually head toward or around the $0.070 support region before bears’ capacity is exhausted for a while. However, some pull-up intensities are hesitantly progressing at a minute positive percentage rate of 0.67.
DOGE/USD Market
Key Levels:
Resistance levels: $0.080, $0.085, $0.090
Support levels: $0.070, $0.065, $0.060
DOGE/USD – Daily Chart
The DOGE/USD daily reveals the crypto-economic price is bottoming on the 14-day SMA, showing higher lows to support the possibility of surging upward if bears weaken to depress the former trading instrument’s valuation.
The 14-day SMA indicator is at $0.0743, slightly above the $0.0727 point of the 50-day SMA indicator. A line of pit stops may materialize by way of making the candlesticks feature sideways in smaller lights. The Stochastic Oscillators are around 40.09 and 36.22, with a smaller bullish candlestick in the making to denote that an up-rising moment is tentatively staging.
Is it deserving of joining the DOGE/USD market at this point in its forceful trade power circling the 14-day Moving Average?
It might take the DOGE/USD market bulls a little more time before making genuine bounces after letting the forces negating the topside moves be determined to have been exhausted in an oversold region, given that the cryptocurrency’s price has been bottoming on the 14-day SMA, showing higher low formation.
Technically, the pathway to the north side has been set between the bullish trend line drawn to mark up support at $0.070 and the points of the Moving Averages. Buyers may need to wait for a light pull down toward the support value line to launch back a longing order while the motion tempts to be reversed.
From a psychological standpoint, bears joining the market in today’s operation doesn’t appear optimal at the moment. Even though there will be pressure against price increases in this market operation, it will be temporary. However, if it needs to hold for a while, a frightened depression against the support line at $0.070 might perhaps trigger another cycle of a downward trend toward forming a base at the support level of $0.060.
DOGE/BTC Price Analysis
In contrast, Dogecoin’s price is bottoming on the 14-day SMA trend line against the trending outlook of Bitcoin, as the former trading instrument is showing higher lows.
The 14-day SMA indicator has traversed to the upside closely underneath the positioning of the 50-day SMA indicator. Indicating that there may still be opportunity for counter-trading cryptocurrency to produce more points of debasement by moving orders against the base cryptocurrency, the Stochastic Oscillators managed to rise before momentarily repositioning from 32.61 to 28.16. However, if that transpires as anticipated, sellers shouldn’t anticipate long features of
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