Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: PRIBO247 on November 27, 2018, 04:52:00 PM
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Dogecoin has recently broken below a key support level at
$0.0022. Price had managed to hold at this level on numerous
occasions in past trading activity. This was a key level in both
June and August of this year.
Price has now broken below this level and has also dropped
below the $0.002 point. The $0.002 point likely holds mostly
psychological significance to traders. Each time price dropped
below $0.002 over the past few days; traders have brought
price action back up despite bearish conditions in many other
cryptocurrencies.
Price currently trades around $0.00205 and seems likely to
break below $0.002. The momentum is bearish, and the
conditions across the rest of the market are also extremely
bearish. The RSI has been decreasing showing strong seller
momentum. The MACD has started to flatten out with the
recent support levels coming in to play.
In terms of the overall market, performances have been
extremely bearish. The overall cryptocurrency market cap has
decreased from around $211 Billion two weeks ago to around
$122 Billion today, an over 40% decrease. These bearish
conditions increase the likelihood that we will see Doge drop
below $0.002 again and sharply decline. If this takes place,
$0.002 will likely turn from a point of strong support for
Dogecoin to a point of robust resistance.
Source : https://blokt.com/technical-analysis/dogecoin-doge-to-break-below-key-level
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$ 0.00205 This is the value you wrote when you first posted and now the Doge price is around $ 0.00305.
There is no significant Doge price movement because the Doge is the same value (tends to be stable).
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I see the chart used by blokt.com using Bittrex exchange and why not use a chart from Binance that has more DOGE volume?
If the volume is more then at that time to see the chart from DOGE will be more accurate than the Bittrex exchange chart.
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It's actually free to determine the graph chart because DOGE has a lot of volume on various Exchange including Bittrex and Binance.
Doge prices do not cripple with other exchanges when taking graphic screenshots, so that they have a high level of accuracy for the similarity of DOGE prices.
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The current price of Doge is about $0.003, just check it at coinmarketcap. This price has already improved from the price when you created this thread. Anyway, the price has dropped a little currently, it has a higher price several weeks ago. This is the time for a decline, but it seems to rise again in the next several days.