- Dogecoin: is the altcoin set to resume the uptrend?
Dogecoin’s price trend has impressed the traders in the last few days as it has broken its flattish price pattern lately. However, the ongoing price corrections since yesterday make the investors wonder if the coin will be still moving upwards in the next week.
- Cryptocurrencies: Saviours or Victims Amid Coronavirus?
The market condition of the crypto coins is quite reliable for now; in the current global scenario, cryptos are anticipated to balance out the financial disturbance.
- DOGE/USD went up by 25% Over just a week
After consolidating between $0.0023 and $0.0024 for the most part of the week, Dogecoin’s price has traded with a bullish momentum in the last two days. The coin has jumped by 25.97%, reaching above $0.0026. Notably, the coin is currently in the correcting mode with a positive bias.
After facing rejections at $0.0026, the price of Dogecoin dipped below the 38.20% Fib level for once yesterday. The bulls are still keeping the coin firmly above the 200 day EMA line, which is a good sign for the investors. Although, if the coin starts consolidating from here, the bullish trendline may soon get breached.
The MACD indicator here is heading for the bearish zone with its signal line on the upside. Dogecoin needs to do more than just holding stability to remain in the bullish phase in the market for now.