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Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Shahinaz on March 04, 2021, 11:22:36 PM

Title: Dogecoin’s 50-Day Moving Average is the Support Area to Watch in March
Post by: Shahinaz on March 04, 2021, 11:22:36 PM

The popular meme-coin of Dogecoin (DOGE) has been consolidating for the second half of February between the values of $0.041 and $0.064. This is after DOGE set a new all-time high of $0.088 on the 29th of January and would once again retest this price area on the 8th of February.

Dogecoin’s 50-Day MA is the Support to Watch in March
Dogecoin’s consolidation between the aforementioned price areas can be seen in the following DOGE/USDT daily chart. At the time of writing, Dogecoin is trading at $0.051 with the 50-day moving average providing adequate short-term support for DOGE into the new month of March.

(https://en.ethereumworldnews.com/wp-content/uploads/2021/03/DOGEUSDT-Mar-3rd.png)

source: https://en.ethereumworldnews.com/dogecoins-50-day-moving-average-is-the-support-area-to-watch-in-march/


Summary:

Dogecoin has been consolidating between $0.041 and $0.064 since mid-February
The 50-day moving average provides a possible area for a bounce at the lower boundary of $0.041
Dogecoin’s correlation to Bitcoin has dropped since October 2020
Dogecoin’s fate is tied to Elon Musk’s tweets and the various online crypto communities

so what we do with DOGE?