Dogecoin Price Analysis: 31 October
Dogecoin too, was bearish on its trading chart and could break into a horizontal price movement once again as the day progresses.
(https://engamb.sfo2.digitaloceanspaces.com/wp-content/uploads/2020/10/31125834/DOGE-5.png)
Dogecoin consistently had been maintaining a bearish to neutral stance over the short-term period, bouncing back and forth from its support at $0.00254.
However, its Awesome oscillator closing in red below the zero line was giving bearish signals for the short-term period. MACD’s convoluted lines, on the other hand, remained neutral on the trading chart.
A bounce above the immediate support level could be expected as the digital asset attempts to retrace some gains.
But the overall outlook for the DOGE market over the upcoming trading sessions was likely to maintain a horizontal price movement.
Learn more about the analysis here. (https://eng.ambcrypto.com/bitcoin-cash-tezos-dogecoin-price-analysis-31-october/)